Key Economic Trends
- The U.S. trade deficit in the energy-related products sector increased (by 26 percent) in 2010 due principally to rising prices for crude petroleum, natural gas, and electricity, as well as increased import quantities of certain energy products.
- Mexico and Canada were the two leading markets for U.S. exports of energy-related products, which increased by 43 percent to $85.5 billion in 2010. U.S. exports to Mexico nearly doubled in value because of both price increases and quantity increases for petroleum products. The primary energy-related products exported from the United States are natural gas and coal.
- In 2010, U.S. imports of energy-related products increased by 30 percent to $338.1 billion with most of the increase attributable to a rise in prices. Canada remained the leading source of U.S. imports of energy-related products followed by Mexico, Nigeria, Venezuela, and Saudi Arabia.
Trade Shifts from 2009 to 2010
- U.S. trade deficit: Increased by $51.7 billion (26 percent) to $252.7 billion
- U.S. exports: Increased by $25.6 billion (43 percent) to $85.5 billion
- U.S. imports: Increased by $77.3 billion (30 percent) to $338.3 billion
Selected Product Shifts
Other Government Resources