Quick Statistics

The subsector's revenue for the year 2008 was approximately $699.6 billion USD, with an estimated gross profit of 26.68%. Import was valued at $130.8 billion USD from 178 countries. The subsector also exported $58.9 billion USD worth of merchandise to 105 countries. Adding import value to and subtracting export value from the subsector's shipment value, the total domestic demand for the subsector in 2008 was $771.5 billion USD.

Reference

The Petroleum and Coal Products Manufacturing subsector is based on the transformation of crude petroleum and coal into usable products. The dominant process is petroleum refining that involves the separation of crude petroleum into component products through such techniques as cracking and distillation.

In addition, this subsector includes establishments that primarily further process refined petroleum and coal products and produce products, such as asphalt coatings and petroleum lubricating oils. However, establishments that manufacture petrochemicals from refined petroleum are classified in Industry 32511, Petrochemical Manufacturing.

6-digit Industries Within This Subsector

324110 Petroleum refineries
324121 Asphalt paving mixture & block mfg
324122 Asphalt shingle & coating materials mfg
324191 Petroleum lubricating oil & grease mfg
324199 All other petroleum & coal products mfg

5-digit Industries Within This Subsector

32412X Asphalt paving, roofing, and saturated materials mfg
32419X Other petroleum and coal products

Subsector Report

324XXX Petroleum and coal products mfg