The Trade Value of Petroleum
October 12, 2009
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
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.