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
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Supporting Information

Petroleum Balance, 2002-2008 (billion dollars)
YearU.S. Petroleum ExportsU.S. Petroleum ImportsNet 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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