Canada largest US energy trading partner, according to EIA
Canada is the United States’ largest energy trading partner according to new data from the U.S. census bureau, the U.S. Energy Information Administration (EIA) said this week.
Energy makes up approximately five percent of U.S. exports to Canada valued at $14 billion and over 19 percent of all imports from Canada to the United States valued at $53 billion.
In 2015 and 2016, the value of both the energy imports and exports fell due to decreasing prices of resources such as crude oil, petroleum and natural gas.
Crude oil holds the largest share of U.S. imports from Canada at an average of 3.3 barrels per day (b/d) in 2016. Canada is the largest supplier of crude oil to the U.S. at 41 percent of all U.S. crude oil imports. In 2016, the U.S. exported an average of 301,000 b/d to Canada.
The petroleum product trade between the United States and Canada is relatively balanced. The United States exported on average 564,00 b/d to Canada, 12 percent of the United States’ petroleum product exports. Pentanes plus, liquefied petroleum gases, and other oils make up the majority of petroleum product exports.
Pipeline shipments make up most of the natural gas trade between the two countries. Imports from Canada averaged 8.0 billion cubic feet per day (Bcf/d) in 2016, 97 percent of all U.S. gas imports. These imports are valued at over $5.9 billion. The U.S. exported an average of 2.1 Bcf/d to Canada in 2016.
Although electricity trade is a small part of overall energy trade, it plays an important role in supporting electric system reliability in both countries.
The value of all U.S. electricity imports from Canada in 2015 and 2016 averaged $2.2 billion, down slightly from the 2006 to 2014 average. The United States imported 73 million megawatt hours of electricity from Canada, while exporting 9.3 million to Canada, according to data from Canada’s National Energy Board.
