Petroleum Trade Balance
May 9, 2011
The trade balance (exports minus imports) for petroleum has been negative for more than a quarter of a century, meaning that the U.S. imports more petroleum than it exports. The largest petroleum trade deficit was in 2008, when the U.S. imported $449.8 billion and exported only $61.6 billion.
Petroleum Trade Balance, 1974–2010
Note
Trade balance = exports minus imports. Includes crude oil, petroleum preparations, liquefied propane and butane, and other mineral fuels.
Source
U.S. Department of Energy, Energy Information Administration, Monthly Energy Review, Table 1.5.