U.S. petroleum product exports to Mexico rise while Mexican crude exports to the U.S. fall

Energy Information Administration ^ | 5/28/14 | Energy Information Administration

[thackney]

The United States imported 850,000 barrels per day (bbl/d) of crude oil from Mexico in 2013, the lowest volume since 1993. In the past decade, U.S. crude oil imports from Mexico fell 47%, primarily as a result of declining production of crude oil in Mexico. Despite the decline, Mexico was the third largest source of crude oil imports to the United States in 2013, behind Canada and Saudi Arabia.

Conversely, U.S. exports of petroleum products to Mexico have increased 152% in the past decade. In 2013, the United States exported 527,000 bbl/d of petroleum products to Mexico, including motor gasoline (46% of the total), distillate fuel oil (22%), and liquefied petroleum gases (10%).

While the United States is a net exporter of petroleum products to Mexico, the United States also imports some petroleum products from Mexico. In 2013, the United States imported 68,000 bbl/d of products, most of which was residual fuel oil (41%), pentanes plus (24%), and naphtha (15%). As with crude oil, U.S. imports of petroleum products from Mexico have declined in recent years.

[thackney]

So we import more oil than we need from Mexico, refine it, and sell the surplus product back to them for a profit.

More jobs and surplus refinery capacity stay in the US with this arrangement. The trade balance is improved.

[Eric in the Ozarks]

I have brought Mexican asphalt into the US and sent US asphalt into Mexico. In the same year...

[proxy_user]

They are both probably eager to expand their overseas business, so give good deals....

[thackney]

Was that a while ago?

Those imports from Mexico look to be a lot more rare these days than the exports of the same.

U.S. Imports from Mexico of Asphalt and Road Oil
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MAPIMUSMX1&f=M

U.S. Exports to Mexico of Asphalt and Road Oil
http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MAPEXMX1&f=M

[1rudeboy]

I’m guessing asphalt has a short shelf-life, correct? If so, get it when you need it, and when you can get it delivered.

[Eric in the Ozarks]

2005 or so.

I remember the freight rate was from “the middle of the bridge at Juarez.”
The UP would place my empty cars on the bridge. Then the Mexican National RR would hook them up and take them into Mexico.

[Eric in the Ozarks]

It will last virtually forever in a solid state. That’s why the tank cars have steam coils.

I had sold some product to a paving company in Juarez when his Mexican supply dried up for unknown reasons (Mexican crude gives up plenty of this stuff.)

When he got back into the supply picture, he had surplus to resell.

[Don Corleone]

While a US Soldier languishes in a Tijuana jail!!!

[Eric in the Ozarks]

Since 2005 ?

[American Constitutionalist]

The USA is becoming a producer country once again... that is ? at least in the oil and aviation sectors.
The re-capitalization of America can't come soon enough as more and more American owned and foreign owned companies come back to the USA and invest in business.

[American Constitutionalist]

Another good thing about all those companies and business coming back to the USA and investing in America is that our manufacturing sector will be rebuilt with new technologies, new factories so on and so on.