Mexico is a big exporter of crude oil to the U.S., but there’s been a big shift in bilateral trade.
According to data from the Energy Information Administration, between 2006 and 2010, the value of U.S. energy imports from Mexico were two to three times greater than the value of U.S. energy exports back to Mexico.
In more than a decade, that has changed. For 2016, the value of U.S. energy exports to Mexico was $20 billion while the value of U.S. energy imports from Mexico was $8.7 billion.
U.S. Secretary of Energy Rick Perry said the U.S. wants stronger energy ties with Mexico when he visited his Mexican counterpart Pedro Coldwell in Mexico City.
At a joint news conference on bilateral energy plans, Perry said that the two countries “plan to move the agenda forward” in a three-step plan.
Coldwell says Mexico plans two more pipelines to import U.S. gas in addition to the 17 that already exist.