Changes to mexico s retail gasoline and diesel fuel markets, combined with low utilization of mexico s petroleum refineries, resulted in increased gasoline imports from the united states. In the longterm, the mexico imports of petroleum gasoline is projected to trend around 545. The united states both imports and exports petroleum a broad term that includes crude oil and refined products such as gasoline, diesel and jet fuels, and other products. The industry is deeply integrated between our two countries.
Importing light crudes from the us means that mexico will be able to increase its gasoline yield at domestic refineries and, at least partially, wean itself off of us gasoline. The same time period last year, the top five spots were held by no. Natural gas exports to mexico seen rising by 50% to. Exports motor gasoline blending components 21% of u. Mexico refined product imports and infrastructure november. The worlds top ethanol fuel producer in 2010 was the united states with. The percentage of gasoline exports from the us to latin america is even greater. Mexico is the 9th largest export economy in the world and the 21st most complex economy according to the economic complexity index eci. Although mexico is a relatively large crude oil producer, mexico relies on imports of gasoline from the united states to meet domestic demand. Mexico was the united states 2nd largest goods export market in 2016. There are actually three ieps taxes applicable to gasoline and diesel it is an excise tax. Pemex exported 803,000 barrels a day of mostly heavy oil to the u.
The top five countries to which mexico imported goods 2018 along with the share in percentage are. Number 2 in the ranking was the dominican republic, with u. Us refiners ramp up fuel exports petroleum economist. From mexico finished motor gasoline 21 15 425 motor gasoline blending components 16 181 43 4 distillate fuel oil 22. Exports to mexico of finished motor gasoline thousand barrels. Roughly half of the 450 thousand barrels per day of gasoline that the us currently exports go to mexico. Mexico exports more to the united states in goods and services in just over a month than it does in one year to the 27 countries of the european union eu. Figure 2 illustrates the various export markets for us ethanol and their relative size in november of 20. The term gasoline was first used in north america in 1864. Following are the most important exports from the us to mexico.
Us refiners export record amounts of gasoline, diesel. There are no major trade barriers in the auto sector for parts and related equipment. Looking forward, we estimate imports of petroleum gasoline in mexico to stand at 544. Us exports to mexico of crude oil and petroleum products eia. With a network of three offices throughout the country, our trade specialists are experts on the business environment in mexico, we can also assist with your international selling strategy through our. The word is a derivation from the word gas and the chemical suffixes. The fuel trade could top a million barrels per day bpd at times in 2017 as mexico becomes increasingly dependent on the united states for strategic energy supplies and providing business worth. Net imports are calculated using zero for exports of distillate fuel oil with sulfur contents of 015 ppm and greater than 2000 ppm. Changes to mexicos retail gasoline and diesel fuel markets, combined with low utilization of mexicos petroleum. Overall, the united states imports more than it exports, making it a net importer of petroleum. Mexico exports of crude oil and petroleum products by destination. Mexico, in turn, exports 87 percent of its auto parts production to the united states.
Us lifting oil export ban unlikely to change global market. In the month of september, the top destination for u. Totals may not equal sum of components due to independent rounding. Most of these exports were finished motor gasoline and distillate fuel oil. Onemonth and 12month percent change in the export price index. The oxford english dictionary dates its first recorded use to 1863 when it was spelled gasolene. Id like to receive the forbes daily dozen newsletter to get the top 12 headlines every morning. Mexico has applied retaliatory tariffs in response to u. Mexico net imports of crude oil and petroleum products. In 2018, out of more than 900,000bld of us gasoline exports, approximately 90pc landed in latin america, with the majoritymore than 500,000bldheading to mexico. Please help us continue to provide you with free, quality journalism by turning off your ad blocker on our site.
Applicability nom016 applies to all fuels sold in the country throughout the chain of production and supply, including gasoline onroad, first fill, and aviation gasoline, diesel onroad, offroad and industrial, liquid petroleum gas, fuel oil both final and intermediate, and gasoil. The united states is mexicos largest trading partner. Gulf coast refiners are cashing in on rising fuel demand from mexico, shipping record volumes to a southern neighbor that has failed to expand its refining network to supply a fastgrowing. In november 2018, mexico, the united states, and canada signed a proposed u. Crude output from pemex has been falling for a decade. Countries like columbia, the united arab emirates, jamaica and south korea have made periodic purchases, with china making a sizeable. Exports to mexico of crude oil and petroleum products thousand barrels. In 2018, the united states imported over 210 million barrels of mexicos heavy crude and exported over 1. Total, top 25 commodities and % share of state total. Mexicos energy reforms provide a historic opportunity to revitalize its ailing. The persian gulf includes bahrain, iran, iraq, kuwait, qatar, saudi arabia, and the united arab emirates.
Exports of finished motor gasoline thousand barrels. Mexico imports 49 percent of all auto parts from the united states. Fuel market reform including a new standard for e10 creates opportunity. Gasoline is an english word that refers to fuel for automobiles. Mexico imports of petroleum products increasing economic and population growth lack of refinery maintenance spending significant discounts for u. Pemexs monopoly on retail gasoline and diesel sales ends in 2016. Nafta is a success story for energy integration in mexico, the united states. A strategy for us natural gas exports ourenergypolicy. Year, jan, feb, mar, apr, may, jun, jul, aug, sep, oct, nov, dec. Percent change in import and export price indexes, selected categories. Mexico imports of petroleum gasoline 20142020 data. Although mexico is a relatively large crude oil producer, mexico relies on imports of gasoline from the united states to meet.
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