According to data published on Wednesday by the U.S. Energy Information Administration (EIA), Canadian oil exports to the U.S. reached an impressive 4.3 million barrels per day (b/d) in July.
A substantial portion of this increase can be attributed to the U.S. West Coast, where imports rose by 115% compared to July 2023.
The Trans Mountain expansion has increased the volume of oil transported from Edmonton to the Vancouver area, escalating from 300,000 barrels per day to 890,000 barrels.
The federal government-owned project was completed earlier this year after facing multiple delays and budget overruns.
According to an EIA report, from June to September, the U.S. West Coast represented just over half of all maritime crude oil exports from Western Canada, with the remainder directed to Asian markets.
This year, Canadian oil production has also reached unprecedented levels.
Tankers carrying Canadian oil from the Trans Mountain pipeline have reached destinations as far as China and South Korea, in addition to California and Washington, as reported by RBC Capital Markets, which monitors oil shipments from the Westridge Marine Terminal in Vancouver.
The Bank of Canada projects that Canada's total export growth will average 6.25 percent in the latter half of 2024.
The federal government has consistently expressed its intention to sell the project once construction was finalized.