We used estimates of autotrophic respiration (R A ), net primary productivity (NPP) and soil CO 2 evolution (S ff ), to develop component carbon budgets for 12-year-old loblolly pine plantations during the fifth year of a fertilization and irrigation experiment. Annual carbon use in R A was 7.5, 9.0, 15.0, and 15.1 Mg C ha À1 in control (C), irrigated (I), fertilized (F) and irrigated and fertilized (IF) treatments, respectively. Foliage, fine root and perennial woody tissue (stem, branch, coarse and taproot) respiration accounted for, respectively, 37%, 24%, and 39% of R A in C and I treatments and 38%, 12% and 50% of R A in F and IF treatments. Annual gross primary production (GPP 5 NPP 1 R A ) ranged from 13.1 to 26.6 Mg C ha À1 . The I, F, and IF treatments resulted in a 21, 94, and 103% increase in GPP, respectively, compared to the C treatment. Despite large treatment differences in NPP, R A , and carbon allocation, carbon use efficiency (CUE 5 NPP/GPP) averaged 0.42 and was unaffected by manipulating site resources.Ecosystem respiration (R E ), the sum of S ff , and above ground R A , ranged from 12.8 to 20.2 Mg C ha À1 yr À1 . S ff contributed the largest proportion of R E , but the relative importance of S ff decreased from 0.63 in C treatments to 0.47 in IF treatments because of increased aboveground R A . Aboveground woody tissue R A was 15% of R E in C and I treatments compared to 25% of R E in F and IF treatments. Net ecosystem productivity (NEP 5 GPP-R E ) was roughly 0 in the C and I treatments and 6.4 Mg C ha À1 yr À1 in F and IF treatments, indicating that non-fertilized treatments were neither a source nor a sink for atmospheric carbon while fertilized treatments were carbon sinks. In these young stands, NEP is tightly linked to NPP; increased ecosystem carbon storage results mainly from an increase in foliage and perennial woody biomass.