Connect with us

Hi, what are you looking for?

Source: Graph by the U.S. Energy Information Administration, based on Standard International Trade Classification (SITC) data published by the U.S. Census Bureau

Fossil Fuels

In 2021, Value of USA–Canada Energy Trade Rose from 2020 Lows

In 2021, the value of U.S. energy imports from Canada totaled $102 billion, which is 76% higher compared with 2020. The value of U.S. energy exports to Canada totaled $21.9 billion, 40% higher compared with 2020, according to data from the U.S. Census Bureau.

Crude oil and petroleum products combined accounted for 89% of the value of all U.S. energy imports from Canada in 2021. U.S. energy imports from Canada in 2021 rose to their highest level since 2014 because U.S. domestic petroleum consumption increased as the economy recovered from the COVID-19 pandemic.

In 2021, the monetary value of energy exports from the United States to Canada increased to $22 billion from a low of $16 billion in 2020.

Source: U.S. Energy Information AdministrationPetroleum Supply Monthly

U.S. crude oil imports from Canada in 2021 averaged 3.9 million barrels per day (b/d) — up from 3.6 million b/d in 2020. As the total volume of U.S. crude oil imports from Canada rose in 2021, Canada’s share of total U.S. crude oil imports reached its highest level yet, at 64%. In particular, crude oil imports from Canada replaced imports from Venezuela after U.S. imports of Venezuela’s oil stopped in 2019.

In 2021, the United States exported an average of 313,000 b/d of crude oil to Canada, a decrease from 420,000 b/d in 2020, partially as a result of crude oil production declines in the U.S. Midwest region (PADD 2). U.S. crude oil exports to Canada are typically low-density and low-sulfur crude oil grades that are shipped to Eastern Canada. U.S. crude oil imported from Canada tends to be high-sulfur crude oil from oil sands in Western Canada, most of which is shipped to U.S. Midwest refineries.

Petroleum product trade between the United States and Canada is relatively balanced in both volume and value. In 2021, the United States imported 582,000 b/d of petroleum products from Canada, up from a low of 529,000 b/d in 2020. The value of petroleum product imports from Canada to the United States was $15 billion in 2020, a 64% increase from 2020. The value of U.S. petroleum product exports to Canada increased by 53% to $12 billion in 2021.

First published on “Today In Energy.” Principal contributor: Natalie Kempkey

Top image source: Graph by the U.S. Energy Information Administration, based on Standard International Trade Classification (SITC) data published by the U.S. Census Bureau

Related: In 2021, The Value Of Energy Trade Between The U.S. & Mexico Reached A 9-Year High

Check out our brand new E-Bike Guide. If you're curious about electric bikes, this is the best place to start your e-mobility journey!
Appreciate CleanTechnica’s originality and cleantech news coverage? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.


-- the EIA collects, analyzes, and disseminates independent and impartial energy information to promote sound policymaking, efficient markets, and public understanding of energy and its interaction with the economy and the environment.


You May Also Like

Climate Change

Our neighbor to the north will eliminate the manufacture and import of single-use and other plastics by year's end. Why can't the US legislate...

Clean Transport

Postal service’s fleet of 14,000 vehicles to be fully electric by 2040 Canada Post [last week] laid out its key commitments for the Corporation...

Clean Transport

The Vancouver city council has approved a new $10,000 annual fee for gas stations and commercial parking lots that don’t install EV chargers by...

Clean Transport

The future of two automotive plants in Ontario has been up in the air, but a recent announcement by Stellantis shows that electrifying the...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.