Editor's Note: The Energy Information Administration (EIA) recently analyzed U.S. exports in 2024, finding that 30% of domestically produced energy was exported. Some of the analysis is reported below.
In 2024, the United States exported about 30% of its domestic primary energy production. This percentage has grown considerably in recent decades, according to data in our Monthly Energy Review. Nearly all of the exports were fossil fuels destined for other countries in North America, Europe, or Asia.
The United States set multiple records for energy production and exports in 2024. Of the record 103 quadrillion British thermal units (quads) of total primary energy production in the United States, a record 31 quads went to other countries. The energy production that is not exported is not necessarily equivalent to domestic consumption because domestic consumption also includes energy imports and withdrawals from storage.
In our Monthly Energy Review, we convert different measurements for different sources of energy to one common unit of heat, called a British thermal unit. We use British thermal units to compare different types of energy that are not usually directly comparable, such as barrels of crude oil and cubic feet of natural gas. Appendix A of our Monthly Energy Review shows the conversion factors that we use for each energy source.
In 2024, the United States exported 55% of its domestic crude oil and natural gas plant liquids (NGPL) production either directly as crude oil or as processed petroleum products such as propane, distillate fuel oil and motor gasoline. During the past decade, U.S. crude oil and NGPL production as well as crude oil and petroleum products exports grew rapidly, outpacing modest domestic petroleum demand growth and declining U.S. imports.
Most of the petroleum exports growth went to countries in Europe and Asia, which was facilitated by several factors:
- The United States removed restrictions on crude oil exports in 2016.
- Domestic exporting infrastructure expanded as global demand increased.
- Europe banned seaborne crude oil imports from Russia in 2022.
