U.S. Crude Oil Exports Reached a Record in 2023

U.S. crude oil exports established a record in 2023, averaging 4.1 million barrels per day , 13% more than the previous annual record set in 2022. Except for 2021, U.S. crude oil exports have increased every year since 2015, when thehas supported increases in U.S. crude oil exports. In 2023, crude oil production reached a record-high 12.9 million b/d in the United States, a 9% increase from 2022. Many U.S.

China received the second-most U.S. crude oil in 2023, averaging 452,000 b/d, more than double 2022 volumes. China’s crude oil imports in 2023, the most since at least 2005, also included significantly more oil from Russia, according to data from China’s General Administration of Customs.In contrast to increasing U.S. crude oil exports to the Netherlands and China, U.S. crude oil exports to India fell 47% .

The EIA collects, analyzes, and disseminates independent and impartial energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment.

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