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

Vehicle Technologies Office

Fact #348: November 29, 2004
U.S. Trade Deficit, 2001–2003

In calendar year 2003, the U.S. trade deficit in goods totaled $547 billion, which is $64 billion more than the previous year's deficit. Nearly half (45.6%) of the 2003 trade deficit is transportation-related: petroleum (22.0%) and vehicles, engines, and parts (23.6%).

U.S. Trade Deficit, 2001–2003
Graph showing the portion of the U.S. trade deficit from 2001 to 2003 that is transportation related.

Supporting Information

U.S. Trade Deficit, 2001–2003
Commodity Category 2001 2001 Share 2002 2002 Share 2003 2003 Share
Petroleum $92,950 21.8% $93,169 19.3% $120,402 22.0%
Vehicles, engines, and parts $114,347 26.8% $124,801 25.8% $129,487 23.6%
Other goods $219,891 51.5% $264,925 54.9% $297,663 54.4%
Total $427,188 100.0% $482,895 100.0% $547,552 100.0%

Source: U.S. Department of Commerce, Bureau of Economic Analysis, "U.S. International Trade in Goods and Services," Exhibits 6 and 9, November 10, 2004.

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