EIA: Energy Trade Between U.S. And Mexico Hits Record Levels

The U.S. Energy Information Administration (EIA) has reported that energy trade in 2022 between the United States and Mexico totaled $81.9 billion in real prices, an all-time high. U.S. energy exports to Mexico in real prices totaled $55.8 billion in 2022, up from the previous high of $45.4 billion in 2021, again an all-time high. The U.S. was a net importer of crude from Mexico but a net exporter of petroleum products and natural gas. U.S. crude oil imports from Mexico averaged 536,000 barrels per day (b/d), a 9%Y/Y increase. The total value of…