Trends in U.S. oil exports: risk diversification
After two consecutive year-over-year declines, U.S. oil exports rose by 21.4% from January to April 2026. With this increase, U.S. oil exports reached $43.368 billion in the first four months of this year. This growth occurred against a backdrop of converging factors, including rising global demand, political instability in producing regions, rising prices on the […]
Oil exports from Canada and Mexico to the United States
Oil exports from Canada and Mexico to the United States (crude oil) totaled 101.454 billion dollars in the first 11 months of 2024. During this period, Canada was the leading external supplier of oil to the US market. Mexico was a distant second. While Canada’s oil exports to its southern neighbor amounted to 90.201 billion […]
Mexico’s oil exports in 2023
Mexico‘s oil exports fell at a year-on-year rate of 14.8% in 2023, to $3.29 billion, according to data from the Bank of Mexico. Dominated by Pemex, a state-owned production company, Mexico’s oil exports include crude oil and petroleum products. Pemex is Mexico’s largest company by revenue and ranked as the 11th largest crude oil producer […]
Oil exports: U.S. and Canada hit record highs
The United States and Canada each set a record for oil exports in 2022, with more than $100 billion each. While U.S. external oil sales were $117.034 billion, up 68.9 percent year-on-year, Canada’s corresponding sales totaled $120.584 billion, an advance of 47.1 percent. Until 2016, U.S. oil exports had not exceeded $10 billion. At the […]
Mexico’s exports grow 6.8% in the first quarter of 2023
Mexico‘s exports registered an inter-annual growth of 6.8% in the first quarter of 2023, to 141,082.3 million dollars, reported Inegi. Conversely, Mexican imports were 145,883.1 million dollars, an advance of 6.5%, annually. Thus, Mexico reported a deficit of 4,800.7 million dollars in its merchandise trade balance. As part of the context, during the fourth quarter […]
Mexico’s exports: a boost for the automotive industry
Mexico‘s exports totaled US$42,590.6 million in January 2023, a year-on-year increase of 25.6%, driven by the automotive industry. Conversely, Mexican imports (which, like exports, consider products without services) totaled 46,715.7 million dollars, an increase of 16.3% year-over-year. With this, Mexico registered a deficit of 4,125.1 billion dollars in its trade balance, informed Inegi this Monday. […]
History of Qatar’s oil exports
Qatar has been exporting oil since late 1949, when the first shipment was made from the onshore Dukhan field, which had been discovered in 1939. Then, in the 1960s, large offshore oil (and gas) fields were discovered. Titulares de derechos y de licencias en el sector del petróleo crudo Currently, the Al-Shaheen offshore field is […]
Mexico’s exports grow 25.2%
Mexico‘s exports grew 25.2% in August, to 50.67 billion dollars, above the average of what they had previously increased in 2022. With this, Inegi reported that Mexican exports accumulated an increase of 18.9%, to 377,945.8 million dollars. On the other hand, Mexico imported products for a customs value of 56,168.2 million dollars in August, 27% […]
History of the commercial opening of Mexico: the beginning
Within the history of the contemporary commercial opening of Mexico, there was a turning point in the administration of President Miguel de la Madrid, from December 1, 1982 to November 30, 1988. The context, facts, and opinions below are based on a CIA report published in January 1988. Mexico was then the fourth largest trading […]
Imports and exports from Mexico grow in double digits
Imports and exports of goods from Mexico grew at double-digit year-on-year rates in March, the Inegi reported on Wednesday. On the one hand, exports had an advance of 20.9% and reached 52,000.4 million dollars. On the contrary, imports from Mexico were 51,801.7 million dollars, which represented a growth of 12.7 percent. Thus, Mexico obtained a […]