In May 2020, the U.S. exported and imported nearly equal amounts of energy, based on data in the U.S. Energy Information Administration’s (EIA) Monthly Energy Review. The U.S. had been a net exporter of energy in several months of the past year. Changes in domestic production and declines in global demand for energy since mid-March in response to COVID-19 have shifted energy trade balances back in the direction of net imports, especially for U.S. crude oil and petroleum products.
In 2019, the United States exported more total energy on an annual basis than it imported for the first time in 67 years. U.S. net exports reached a record-high monthly value of 480 trillion Btu in March 2020, but they fell to just 2 trillion Btu in May.