U.S.-Canada 2025 Energy Trade DN 11% on Lower Oil Prices


   
   SECAUCUS, NJ (DTN) -- Lower crude oil prices and reduced trade volumes 
pushed the value of U.S.-Canada energy trade down 11% in 2025 to $137 billion, 
an analysis published by the U.S. Energy Information Administration on 
Wednesday (7/29) showed.

   The contraction was primarily driven by weaker crude oil prices, with Brent 
averaging $69/bbl in 2025, down $11/bbl from 2024.

   Total crude oil trade value fell 16% year-on-year to $94.7 billion, 
accounting for 69% of overall cross-border energy trade.

   U.S. energy imports from Canada comprised $111 billion of the total trade 
value, while U.S. energy exports to Canada totaled $26 billion last year. U.S. 
crude oil imports from Canada averaged 3.9 million bpd in 2025, marking a 4% 
drop compared with 2024 levels.

   The decline in crude import volumes was partly due to increased utilization 
of the Trans Mountain Expansion pipeline, which routes Canadian crude to the 
Pacific Coast for export to Asian markets. Meanwhile, U.S. crude exports to 
Canada averaged 383,000 bpd in 2025, down 2% from the previous year.

   Cross-border trade in refined petroleum products grew 2% by volume in 2025, 
but total value dropped 4% as lower crude prices weighed on fuel costs. U.S. 
petroleum product imports from Canada slid 2% to 583,000 bpd, while U.S. 
exports to Canada rose 6% to 504,000 bpd.




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