The Petroleum And Petroleum Products Balance

Professor of Public Affairs and Economics at the University of Wisconsin • Aug 28, 2026 at 7:12 AM EDT

New data from the BEA and EIA track the narrowing U.S. trade balance in petroleum and petroleum products.

From NIPA accounts:

Figure 1: Petroleum and petroleum product exports (blue), imports (red), both in bn.$, SAAR. Source: BEA.

For the balance in physical units of crude oil, here’s data from EIA:

Source: EIA.

Note EIA has data through May.

Memo to Bruce Hall: For Pete’s sake, figure out how to use FRED and EIA databases.

Also Mentions:

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