• 3 minutes Looming European Gas Crisis in Winter and North African Factor - a must read by Cyril Widdershoven
  • 7 minutes "Biden Targets Another US Pipeline For Shutdown After 'Begging' Saudis For More Oil" - Zero Hedge Monday Nov 8th
  • 12 minutes "UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System" by Whitney Webb
  • 22 hours Microbes can provide sustainable hydrocarbons for the petrochemical industry
  • 3 hours CO2 Electrolysis to CO (Carbon Monoxide) and then to Graphite
  • 4 hours Hunter Biden Helped China Gain Control of Cobalt Mines in Africa
  • 10 hours NordStream2
  • 1 day GREEN NEW DEAL = BLIZZARD OF LIES
  • 7 hours Building A $2 Billion Subsea Solar Power Cable From Chile To China
  • 4 days Is anything ever sold at break-even ? There is a 100% markup on lipstick but Kuwait can't break-even.
  • 4 days Modest drop in oil price: SPRs vs US crude inventory build
  • 5 days 2019 - Attack on Saudi Oil Facilities.
  • 13 hours "Gold Set To Soar As Inflation Fears Mount" by Alex Kimani
  • 5 days Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 6 days Ukrainian Maidan after 8 years

U.S. Energy Exports To Mexico Near Record-High Levels

The United States exported crude oil, petroleum products, and natural gas to Mexico worth nearly US$34 billion in 2019, just shy of the record-high value of energy exports in 2018, the U.S. Energy Information Administration (EIA) said on Wednesday.  

According to data from the latest annual Standard International Trade Classification (SITC) from the U.S. Census Bureau, the U.S. imported energy products from Mexico worth US$13 billion last year, the EIA estimates showed.

The value of U.S. energy exports to Mexico exceeded the value of energy imports from Mexico in 2015, and the value of exports has remained higher than imports every year since then, as imports from Mexico dropped while U.S. petroleum exports surged.

Energy trade accounted for 13 percent of the value for all U.S. exports to Mexico and 4 percent of all U.S. imports from Mexico last year, the EIA estimates showed.

In imports, the largest trade is in crude oil, with U.S. crude oil imports from Mexico averaging 599,000 barrels per day (bpd) in 2019, and Mexico the second-biggest source of crude oil for America, second only to Canada.

In exports, the U.S. exports a lot of gasoline and distillate fuel oil to Mexico. According to the EIA, the United States supplies more than half of Mexico’s gasoline consumption.

In July this year, U.S. President Donald Trump signed two permits for oil export infrastructure along the U.S.-Mexico border in Texas to boost exports of crude oil to Mexico. One of the permits is for NuStar Energy, which will operate pipelines under the Rio Grande that transport crude oil and refined products from Texas to Mexico. The other permit is for Kansas City Southern Railway Co., which will build and operate a railway bridge in the border town of Laredo.

Mexico is the biggest importer of U.S. petroleum, according to the Department of Energy. Last year, the U.S. shipped 1.2 million bpd of oil and products to Mexico, accounting for 14 percent of total exports, making the country the biggest recipient of U.S. petroleum, with Canada coming in second, taking in 1 million bpd in 2019.  

By Tsvetana Paraskova for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News