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

Vehicle Technologies Program

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
Graph showing the petroleum balance, petroleum exports minus petroleum imports, has been declining since 2002. For more detailed information, see the table below.

Supporting Information


Petroleum Trade Balance, 2002-2006
(billion dollars)
  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.

 

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