Fuel oil residue exports from the United States: data, top buyers and prices
The United States exported $42.6 million of fuel oil residue in 2024 (82.6 thousand tonnes). That makes it the 3rd largest exporter of this product worldwide, out of 91 countries. That is 32% less than in 2023. Across 2017-2024 the long-run trend was broadly stable. The peak in this period was 2018, at $72.5 million.
Public statistics, latest complete year (2024). Values in US dollars. Page updated .
Exports by year, 2017-2024
Hover or tap a year for detail.
Year by year
| Year | Value | Quantity |
|---|---|---|
| 2024 | $42.6M | 82.6K t |
| 2023 | $62.6M | 99.5K t |
| 2022 | $36.1M | 63.7K t |
| 2021 | $53.6M | 138.2K t |
| 2020 | $41.5M | 131.7K t |
| 2019 | $45.8M | 111.9K t |
| 2018 | $72.5M | 174.1K t |
| 2017 | $52.6M | 174.0K t |
Where the United States exports fuel oil residue to
Italy alone took 76% of it. Among the main buyer markets, Canada grew fastest (+50% on the year before).
| Destination | Value | Share |
|---|---|---|
| Italy | $32.6M | 77% |
| Canada | $8.5M | 20% |
| China | $182K | 0.4% |
| India | $169K | 0.4% |
| Australia | $154K | 0.4% |
| Peru | $123K | 0.3% |
| Norway | $119K | 0.3% |
| Chile | $117K | 0.3% |
| Netherlands | $106K | 0.3% |
| Dominican Republic | $85K | 0.2% |
Average export price per kg
The average declared value was about $0.52 per kg, close to the world average of $0.52.
Declared value divided by weight, all 2024 shipments. Prices per shipment and per company are in EximDataX.
Fuel oil residue imports to the United States
In 2024, the United States imported fuel oil residue worth $12.8 million (46.1 thousand tonnes). It ranks 8th of 110 countries for imports of this product. Mexico alone supplied 98% of it.
| Supplier country | Value | Share |
|---|---|---|
| Mexico | $12.5M | 98% |
| Canada | $230K | 1.8% |
| Germany | $29K | 0.2% |
| Spain | $4K | 0% |
| Kuwait | $4K | 0% |
| Netherlands | $2K | 0% |
| Italy | $1K | 0% |
| France | $0K | 0% |
| Hungary | $0K | 0% |
| Poland | $0K | 0% |
Who is behind these numbers in the United States?
The shipment records behind United States fuel oil residue exports (HS 2713.90): companies, dates, quantities and declared values.
Shipment records are in the platform
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Direct customs feed: shipment-level records from the official customs source.
Source: CEPII BACI (reconciled UN Comtrade data), HS 2017 edition, release 202601, Etalab Open Licence 2.0. Annual values in US dollars at the customs border; quantities in tonnes where reported. HS 2713.90: Residues: of petroleum oils or of oils obtained from bituminous minerals.
Common questions
What is the value of fuel oil residue exported by the United States?
The United States exported fuel oil residue worth $42.6 million in 2024, the latest year with complete public data, about 82.6 thousand tonnes. That ranks it 3rd of 91 countries worldwide, with 5% of world exports. The value was down 32% on 2023.
Which countries buy fuel oil residue from the United States?
Italy was the largest buyer with 76% of the value ($32.6 million), followed by Canada (20%) and China (0%). The top three together account for 97%, out of 44 buyer countries in total. India grew fastest among the top ten, up 136% on the year.
What is the average export price of fuel oil residue per kg?
The average declared export value was about $0.52 per kg in 2024, close to the world average of $0.52 per kg. Because it averages all grades and sizes, treat the figure as a market benchmark, not a price offer.
How have exports of fuel oil residue from the United States changed since 2017?
Exports went from $52.6 million in 2017 to $42.6 million in 2024, a fall of 19%. The peak was 2018 at $72.5 million. Over 8 years the average was $50.9 million a year.
Does the United States also import fuel oil residue?
Yes. The United States imported $12.8 million worth of this product in 2024, mainly from Mexico, Canada and Germany. On balance the United States is a net exporter of this product, by about $29.8 million a year.
What is the HS code for fuel oil residue?
The HS code for fuel oil residue is subheading 2713.90. It sits in HS chapter 27 (mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes). The full list of codes and descriptions is on the HS 2713 page.
How can I find the companies behind this trade?
The totals here are public statistics; the company-level detail sits in EximDataX, which has a direct customs feed for the United States. Tell us your product to see it live.
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