Fact #466: April 23, 2007
The Trade Value of Petroleum
The U.S. petroleum balance, calculated as petroleum exports minus petroleum imports, has been declining since 2002. In 2006, the trade balance was -$272 billion dollars – nearly three times the 2002 balance.
Petroleum Trade Balance, 2002-2006
Supporting Information
| 2002 | 2003 | 2004 | 2005 | 2006 | |
|---|---|---|---|---|---|
| U.S. Petroleum Export Value | $9 | $10 | $13 | $19 | $28 |
| U.S. Petroleum Import Value | $103 | $132 | $179 | $250 | $300 |
| Petroleum Trade Balance | -$94 | -$122 | -$166 | -$231 | -$272 |
|
Source: Energy Information Administration, Monthly Energy Review, March 2007, Table 1.5 (PDF 15 KB). Download Adobe Reader. | |||||
Return to 2007 Facts of the Week