The U.S. Energy Information Administration said Wednesday that the monetary value of energy traded between the United States and Canada increased in 2025, with higher natural gas prices and greater volumes cited as the principal drivers.
According to the EIA, U.S. natural gas imports from Canada averaged 8.6 billion cubic feet per day in 2025, representing a 1% rise from the prior year. While the import volume change was modest, the dollar value of those imports climbed sharply, up 52% in 2025.
U.S. pipeline exports of natural gas to Canada also expanded. Exports averaged 2.8 billion cubic feet per day in 2025, a 4% increase from the previous year, while the value of those exports rose 77% to $2.6 billion, the agency reported.
Electricity trade between the two nations totaled $3.2 billion in 2025. Imports of electricity from Canada made up 67% of that total value, the EIA said.
The agency also flagged a piece of infrastructure that could alter future electricity flows: the New England Clean Energy Connect transmission line. The EIA noted that this line has the potential to increase U.S. electricity imports from Canada going forward.
On trade policy, the EIA reported that Canada’s energy exports to the United States were subject to a 10% tariff as of March 2025. The agency added that more recent U.S. tariff actions have exempted energy trade from those measures.
Context and implications
The EIA’s release underscores a pattern in 2025 where modest changes in physical volumes combined with stronger prices produced outsized moves in dollar values. The agency’s figures show that even small percentage changes in volumes can translate into large shifts in trade value when prices rise.
The data highlight the importance of cross-border pipelines and transmission links for regional power and gas markets, and point to how tariff and infrastructure developments can influence the flows and valuation of traded energy.
Data limitations
The EIA provided the figures cited above without additional breakdowns in this release. Where the agency identified potential future influences such as the New England Clean Energy Connect line and tariff exemptions, it did not quantify their near-term impact.