US-Canada Energy Trade Value Drops by 11% in 2025

The value of energy trade between the US and Canada decreased by 11% in 2025, according to data from the US Energy Information Administration (EIA). The total value of energy imports and exports between the two countries fell to an estimated $137 billion. Crude oil accounts for the largest component of US-Canada energy trade, making up 69% of the total value traded in 2025.

The average price of Brent crude oil in 2025 was $69 per barrel, which is $11 lower than in 2024. This reduction in prices, combined with lower trade volumes, resulted in a 16% decrease in the value of crude oil trade between the US and Canada to an average of $94.7 billion.

The majority of energy trade between the two countries consists of US imports from Canada, totaling $111 billion in 2025, rather than US exports to Canada, which were valued at $26 billion last year. The imposition of a 10% tariff on Canadian energy exports to the US has had an impact on trade, although some crude oil volumes may be exempt if they qualify for the US-Mexico-Canada Agreement preference.