U.S. Department of Energy - Energy Efficiency and Renewable Energy

Vehicle Technologies Program

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%).

U.S. Trade Deficit, 2001 and 2002
Graph: U.S. Trade Deficit 2001-2002

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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