Aspects of a method and system for traffic engineering in an IPSec secured network are provided. In this regard, a node in a network may be authenticated as a trusted third party and that trusted third party may be enabled to acquire security information shared between or among a plurality of network entities. In this manner, the trusted third party may parse, access and operate on IPSec encrypted traffic communicated between or among the plurality of network entities. Shared security information may comprise one or more session keys utilized for encrypting and/or decrypting the IPSec secured traffic. The node may parse IPSec traffic and identify a flow associated with the IPsec traffic. In this manner, the node may generate and/or communicate statistics pertaining to said IPSec secured traffic based on the flow with which the traffic is associated.