January 2003 Import Highlights: Released on March 21, 2003
Monthly data on the origins of U.S. crude oil imports in January 2003 has been released and it shows that three countries each exported more than 1.5 million barrels per day of crude oil to the United States (see table below). The top sources of U.S. crude oil imports in January 2003 were: Saudi Arabia (1.820 )million
barrels per day), Canada (1.621 million barrels per day), and Mexico (1.566 million barrels per day). This is the largest monthly amount of crude oil imported from Saudi Arabia since August 2001.
Rounding out the top ten sources, in order, were
Nigeria (0.798 million barrels per day), Iraq (0.600 million barrels per day), United Kingdom (0.411 million barrels per day), Venezuela (0.399 million barrels per day), Angola (0.245 million barrels per day), Kuwait (0.134 million barrels per day), and Colombia (0.120 million barrels per day). Imports from Venezuela were at their lowest level since February 1989, as Venezuelan exports were severely curtailed for much of the month following the general strike in that country.
Total crude oil imports averaged 8.547 million barrels per day in January, a decline of nearly 100,000 barrels per day from December, and represents the lowest level since February 2000. The top three origins accounted for nearly 59 percent of these
U.S.crude oil imports in January, while the top ten sources accounted for 90 percent of all U.S. crude oil imports.