US-Canada Trade Relationship: A Complex Balance

The United States and Canada have an enormous trade relationship, with two-way goods trade reaching approximately $715.5 billion in 2025.

This includes oil imports from Canada, which averaged around 4.1 million barrels per day in 2024, mostly heavy crude delivered to refineries in the Midwest and Gulf Coast.

The US could try to replace Canadian resources with domestic production or imports from other countries, but this would be costly and take years to implement.

Natural gas imports from Canada averaged 8.6 billion cubic feet per day in 2025, helping balance markets during severe winter weather.