U.S. Imports of Petroleum

• Comparison of Nominal and Real Imports of Petroleum
• Petroleum as a percent of the total trade deficit

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Comparison of nominal and real imports of petroleum

This graph compares U.S. imports of petroleum using nominal imports (seasonally adjusted), and real imports (chain-weighted 2005 dollar basis). The vertical axis shows imports in billions of dollars. The horizontal axis shows a monthly time-series, from January 2003 to the present. The two series cross in 2005, reflecting the fact that the real dollar series is based on 2005 prices. Starting with January 2002 data, seasonally adjusted deflators are included in the calculation of the chained dollars.

The data for this graph come from Exhibit 9: Exports, Imports and Balance of Goods, Petroleum and Non-Petroleum End-Use Category Totals (Seasonally Adjusted), and Exhibit 11: Real Exports, Imports and Balance of Goods, Petroleum and Non-Petroleum End-Use Category Totals of the FT900: U.S. International Trade in Goods and Services, as well as historical versions of these tables.

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Petroleum as a percent of the total trade deficit

This stacked-area graph shows how much of the monthly trade deficit can be attributed to the deficit in petroleum products. The vertical axis shows percent of the U.S. Goods and Services Trade Deficit. The horizonal axis shows a monthly time series from January 2006 to September 2010. The bottom area of the graph shows what percent of the deficit comes from petroleum goods. The top area shows the percent of the deficit coming from nonpetroleum goods and services.

The data for this graph come from Exhibit 1: U.S. International Trade in Goods and Services (Seasonally Adjusted), and Exhibit 9: Exports, Imports and Balance of Goods, Petroleum and Non-Petroleum End-Use Category Totals (Seasonally Adjusted) of the September 2010 FT900: U.S. International Trade in Goods and Services.