The US Energy Information Administration (EIA) reported that on a value basis, the US energy exports, which include crude oil, natural gas, and petroleum products, to Mexico stood at around $34 billion in 2019, relatively steady from the previous year. Meanwhile, US energy imports from Mexico fell to $13 billion last year. On a value basis, US energy exports to Mexico have always been higher than US energy imports from Mexico since 2005. Energy accounted for 4% of the overall value of US imports from Mexico and 13% of the total value of US exports to Mexico.
Petroleum products, including distillate fuel oil and motor gasoline are the largest constituents in US energy trade with Mexico, increasing from $7 billion in 2009 to nearly $30 billion in 2019. Last year, Mexico purchased 1.2 million bpd of US petroleum products worth more than $29 billion. Mexico met more than half of its gasoline requirements from the US.
Crude oil made up the largest share of the value of US energy imports from Mexico. The US imported an average of 599,000 bpd of Mexican crude in 2019. Mexico is the US’ second-biggest oil import source behind Canada. US crude oil imports from Mexico declined to $12 billion last year from $14 billion in the prior year.
Natural gas trade between both countries is mostly done by pipeline shipments. The US exported an average of 5.5 Bcfd of natural gas exports to Mexico in 2019. Of which, 93% was delivered through pipelines, while the remaining 7% was either shipped as LNG or delivered by truck.
