U.S. Net Energy Imports Stand At Multi-Decade Low

Net U.S. energy imports declined last year to their lowest level in more than 20 years, according to data from the U.S. Energy Information Administration.

Overall, net energy imports decreased by 19 percent from 2012 to 2013. Energy imports dropped while energy exports increased slightly. Growth in oil and natural gas production replaced imports and supported increased petroleum product exports, driving the decline in imports.

Energy imports also declined faster than in 2012, down 9 percent from 2012 to 2013, while export growth slowed. Crude oil production grew 15 percent, about the same pace in 2012. Imports of crude oil decreased by 12 percent in 2013.

In addition, total U.S. primary energy consumption increased 2.4 percent last year, after declining in 2011 and 2012. Renewable energy provided the largest percentage increase.