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Canada is the top activity barter accomplice of the United States and was the better antecedent of American activity imports aftermost year, the U.S. Activity Information Administration (EIA) said on Friday.

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According to the latest anniversary Standard International Barter Clification (SITC) abstracts from the U.S. Census Bureau, the amount of U.S. activity imports from Canada stood at US$85 billion in 2019. Activity imports accounted for added than a division of all U.S. imports from Canada, at 27 percent, according to Census Bureau data.

While Canada is the better activity supplier to the United States, it is additionally the second-biggest destination for U.S. activity exports, abaft Mexico.

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In the U.S.-Canada activity trade, awkward oil and petroleum articles accounted for 91 percent of the amount of U.S. activity imports from Canada and 89 percent of the amount of U.S. activity exports to Canada.

American awkward oil imports from Canada accounted for 56 percent of all U.S. awkward oil imports aftermost year. Awkward imports from Canada averaged 3.8 actor barrels per day (bpd), up from 3.7 actor bpd boilerplate imports in 2018. Canada mostly exports abundant awkward oil from Alberta to America’s refineries, mostly in the Midwest.

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On the added hand, Canada was the top destination for U.S. awkward oil exports, which tend to be candied ablaze grades exported to eastern Canada. Aftermost year, the U.S. exported on boilerplate 459,000 bpd of awkward oil to Canada, according to Census Bureau data.

Due to the abiding curtailment of activity takeaway accommodation out of Canada in contempo years, U.S. imports of awkward by abuse from Canada tripled amid 2016 and 2019—from an boilerplate of 91,000 bpd to an boilerplate of 300,000 bpd aftermost year, the EIA said. Added than bisected of aftermost year’s awkward by abuse imports, 171,000 bpd, went to the U.S. Gulf Coast.  

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By Tsvetana Paraskova for Oilprice.com

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