The EIA outlined the United States’ energy trade with Canada in a note today, profiling the U.S.’s primary energy trade relationship. According to the Census Bureau, energy accounted for about 5% of the value of all U.S. exports to Canada and more than 19% of the value of all U.S. imports from Canada in 2016. For 2016, the value of U.S. energy imports from Canada was $53 billion, while the value of U.S. energy exports to Canada was $14 billion. The majority of U.S. energy imports from Canada are in the form of crude oil, according to the EIA. Canada is by far the largest source of U.S. crude oil imports, providing 41% of total U.S. crude oil imports in 2016.
SOURCE: Oil & Gas 360