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Fact #283: September 1, 2003
U.S. Trade Deficit, 2001 and 2002

In calendar year 2002, the U.S. trade deficit in goods totaled $484 billion, which is $57 billion more than the previous year's deficit. Nearly half of the 2002 trade deficit is transportation-related: petroleum (19.2%) and vehicles, engines, and parts (25.9%).

Supporting Information

U.S. Trade Deficit (2001 and 2002)

Commodity Category	2001 Dollars	2001 Share	2002 Dollars	2002 Share
Petroleum	92,950	21.8%	93,234	19.2%
Vehicles, engines, and parts	114,347	26.8%	125,488	25.9%
Other goods	219,868	51.5%	265,631	54.8%
Total	427,165	100.0%	484,353	100.0%
Source: U.S. Department of Commerce, Bureau of Economic Analysis, "U.S. International Trade in Goods and Services, December 2002," Exhibits 6 and 9, February 20, 2003.

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