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US petroleum products exports rose by 7% in 2022

US petroleum product exports rose by 7% in 2022 to 5.97 mb/d, driven by an increase of 18% (193,000 b/d) in distillate fuel oil, according to the US Energy Information Administration (EIA). The United States and the European Union imposed sanctions on Russia's petroleum industry in response to the invasion of Ukraine in February 2022, leading to higher prices and crack spreads for petroleum products. In addition, the high volume of US petroleum product exports in 2022 also reflected longer-term growth trends: US exports of total petroleum products more than doubled to 5.97 million b/d in 2022 from 2.31 million b/d in 2010. US distillate fuel oil exports in 2022 averaged 1.26 mb/d, below pre-pandemic volumes, while motor gasoline exports exceeded 2019 volumes.