The pandemic-driven lower petroleum consumption and lower commodity prices resulted in a decline of over 30% in the value of energy trade between the United States and Canada in 2020.

Canada is the single largest source of US crude oil imports, accounting for over 60% of all US crude imports last year, per US Energy Information Administration (EIA) estimates.

According to data from the US Census Bureau, the value of US energy imports from Canada totaled $58 billion, down by 31% on the year. The value of energy imports accounted for more than one-fifth of the value of all US imports from Canada, the EIA said.

The value of American energy exports to Canada, for its part, dropped by 34% year over year in 2020. (RT)