U.S. Imports from Iraq of Crude Oil and Petroleum Products Mbbl

Over the past two years, U.S. imports of crude oil and petroleum products from Iraq have shown variability. For instance, in November 2023, imports were recorded at 5,351 Mbbl, while in September 2022, they reached 8,447 Mbbl. Looking further back, the data demonstrates significant fluctuations in monthly import volumes. For example, in April 2018, imports peaked at 25,006 Mbbl, whereas in June 2016, they were notably lower at 13,011 Mbbl.

On an annual basis, Iraq remains a significant supplier of oil to the U.S. market. In 2023, total imports from Iraq amounted to approximately 84,808 Mbbl, slightly lower than the 2019 total of 95,068 Mbbl. Despite the variability, Iraq consistently ranks among the top oil exporters to the U.S., highlighting the country's strategic importance in meeting American energy demands. Analyzing these trends helps to assess the broader dynamics of global oil markets and their implications for U.S. energy security and economic stability.