NAICS Code 324 - Petroleum and Coal Products Manufacturing

NAICS Code 324 Description

The Petroleum and Coal Products Manufacturing subsector is based on the transformation of crude petroleum and coal into usable products. The dominant process is petroleum refining that involves the separation of crude petroleum into component products through such techniques as cracking and distillation. In addition, this subsector includes establishments that primarily further process refined petroleum and coal products and produce products, such as asphalt coatings and petroleum lubricating oils. However, establishments that manufacture petrochemicals from refined petroleum are classified in NAICS Code - 32511 Petrochemical Manufacturing.

Industry Sector

Manufacturing

Total Companies

4,065

Verified Companies

3,103

Est. Employment

108,027

Annual Payroll

$11,326,840,000

Total Revenue

$548,122,623,000

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Hierarchy Navigation for NAICS Code 324

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Companies

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Industry Executives

Would you like to email executives in NAICS Code 324 - Petroleum and Coal Products Manufacturing? Below are some of the common job titles available to be targeted.

  • Business Development
  • Chairman
  • C-Level
  • Director
  • Engineering
  • Executive Director
  • Facilities
  • Finance
  • Human Resource
  • IT
  • Manager
  • Marketing
  • Manufacturing
  • Operations
  • Owner
  • Partner
  • President
  • Principal
  • Purchasing
  • Sales
  • Vice President

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USA Import, Export, and Balance of Trade

Import (USD)

$63,747,835,447

Export (USD)

$104,323,201,181

Balance of Trade (USD)

$40,575,365,734

Top Countries by U.S. Imports

Canada $12,399,885,485
Russia $8,287,833,785
Korea, South $3,771,750,694
India $3,003,451,846
United Kingdom $2,744,289,209

Top Countries by U.S. Exports

Mexico $29,188,712,399
Canada $13,185,981,770
Brazil $6,617,342,849
Venezuela $4,229,241,699
Chile $4,134,442,881

Top Importing States

New Jersey $13,699,957,041
Texas $12,270,927,499
Louisiana $7,043,744,721
California $4,755,656,950
New Hampshire $4,572,045,654

Top Exporting States

Texas $56,264,069,210
Louisiana $23,685,040,658
California $4,986,514,588
Illinois $3,494,021,899
Mississippi $3,020,256,795

Countries With Highest Trade Surplus

Mexico $27,812,841,902
Brazil $5,217,297,781
Chile $4,101,201,213
Panama $2,559,988,874
Ecuador $2,390,550,464

Countries With Highest Trade Deficit

Russia -$8,267,043,717
Korea, South -$3,167,526,456
Algeria -$2,113,744,739
India -$1,814,518,372
Spain -$1,195,885,421

U.S. Total Import value for NAICS Code 324 is $63,747,835,447. Canada, Russia, and Korea, South accounted for the top imports of Petroleum & Coal Products in 2018. States with most imports of Petroleum & Coal Products in 2018 were New Jersey, Texas, and Louisiana.

U.S. Total Export value for this industry is $104,323,201,181. Mexico, Canada, and Brazil accounted for the top exports of Petroleum & Coal Products in 2018. States with most exports of Petroleum & Coal Products in 2018 were Texas, Louisiana, and California.

Questions & Answers

  • How many active businesses operate in NAICS Code 324?

    There are 3,103 verified business locations operating primarily in this industry.

  • What was the total revenue for NAICS Code 324?

    In 2017 the total revenue for Petroleum and Coal Products Manufacturing was $548,122,623,000

  • What was the annual payroll for NAICS Code 324?

    In 2017 the annual payroll for Petroleum and Coal Products Manufacturing was $11,326,840,000

  • How many people work in NAICS Code 324?

    The number of reported paid employees is 108,027.