Petroleum and Coal
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.
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.