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Off-shore Petroleum Oil Rig, Gulf of New Mexico

Fuels and refined products

Energy trade not only includes LNG and crude but numerous other products derived from crude oil including refined products such as motor and aviation fuels, and distillates like diesel fuel and heating oil.

United States exports of finished products have also been growing significantly for the last decade.

However, most people don’t typically think about the wide range of other items produced from crude oil. There are a huge number of such products, in fact thousands, which are produced, exported and used every day. For example, the chemicals industry is one of the United States’ largest manufacturing industries, serving both a sizable domestic market and an expanding global market. It is also one of the top exporting sectors of United States manufacturing. Accounting for 15 percent of global chemical shipments, the United States is a world leader in chemicals production and exports.

Chemicals used in the production of plastics, adhesives and agricultural chemicals all have origins in crude oil. So do pharmaceuticals, including prescription drugs, vaccines, vitamins and over-the-counter drugs for human and veterinary applications. And everyday consumer products including soaps, detergents and cleaners, toiletries and cosmetics rely on hydrocarbons in their manufacturing processes.