Canada Leads U.S. Crude Oil Imports in January 2025
According to recent data from the U.S. Energy Information Administration and Kepler Analysis, Canada emerged as the largest exporter of crude oil to the United States in January 2025, exporting an impressive 3.8 million barrels per day. Mexico followed in second place, delivering 457 thousand barrels per day, while Saudi Arabia ranked third with exports of 275 thousand barrels daily.
In the report, Venezuela held the fourth position, exporting 228 thousand barrels per day. Brazil closely followed in fifth place with 225 thousand barrels, and Colombia came in sixth, exporting 210 thousand barrels daily.
Iraq was noted as the seventh-largest oil exporter to the U.S., contributing 198 thousand barrels per day, while Nigeria ranked eighth with 139 thousand barrels. Ecuador completed the top ten with a rate of 120 thousand barrels per day.
Tariff Measures Announced by U.S. President
In a recent policy shift, U.S. President Donald Trump announced the implementation of customs duties on imports from Canada and Mexico, citing a national emergency concerning illegal immigration. Under this new directive, a 25% customs tariff will be applied to Mexican energy imports, whereas Canadian energy products will face a 10% tariff.
Impact on U.S. Crude Oil Imports
This development comes at a time when Canada and Mexico are significant contributors to U.S. crude imports, together accounting for approximately 25% of the oil processed by U.S. refineries, which is converted into various fuels including gasoline and heating oil, as reported by the U.S. Department of Energy.
This export landscape and tariff strategy will likely have far-reaching implications for energy markets and trade dynamics between the U.S. and its neighboring countries.
