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

Vehicle Technologies Office

Fact #592: October 12, 2009
The Trade Value of Petroleum

The U.S. petroleum balance, calculated as petroleum exports minus petroleum imports, has been declining since 2002. In 2008, the balance fell to -388 billion dollars, which is almost four times the 2002 balance.

Petroleum Trade Balance, 2002-2008
Graph showing the U.S. petroleum balance which fell in 2008 to almost four times the 2002 balance. For more detailed information, see the table below.

Supporting Information

Petroleum Balance, 2002-2008 (billion dollars)
Year U.S. Petroleum Exports U.S. Petroleum Imports Net U.S. Petroleum Exports
2002 $9 $103 -$94
2003 $10 $132 -$122
2004 $13 $179 -$166
2005 $19 $250 -$231
2006 $28 $300 -$272
2007 $33 $328 -$295
2008 $62 $450 -$388

Source: Energy Information Administration, Monthly Energy Review, September 2009, Table 1.5 (PDF 16 KB). Download Adobe Reader.

 

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