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2022
Exports $123BWorld Rnk 3 / 149
Flag Rnk 1 / 4485
2022
Destination $37.6B United States
2021 - 2022
FASTEST GROWING MARKET $37.6BUnited States
2022
Imports $16.8BWorld Rnk 15 / 158
Flag Rnk 2 / 4548
2022
Origin $4.15B United States
2021 - 2022
FASTEST GROWING ORIGIN $4.15BUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $123B in Petroleum oils, oils from bituminous minerals, crude, making it the 3rd largest exporter of Petroleum oils, oils from bituminous minerals, crude in the world. At the same year, Petroleum oils, oils from bituminous minerals, crude was the 1st most exported product in Canada. The main destination of Petroleum oils, oils from bituminous minerals, crude exports from Canada are: United States ($117B), China ($2.29B), United Kingdom ($1.02B), Spain ($943M), and Germany ($349M).

The fastest growing export markets for Petroleum oils, oils from bituminous minerals, crude of Canada between 2021 and 2022 were United States ($37.6B), China ($2.18B), and United Kingdom ($681M).

Imports In 2022, Canada imported $16.8B in Petroleum oils, oils from bituminous minerals, crude, becoming the 15th largest importer of Petroleum oils, oils from bituminous minerals, crude in the world. At the same year, Petroleum oils, oils from bituminous minerals, crude was the 2nd most imported product in Canada. Canada imports Petroleum oils, oils from bituminous minerals, crude primarily from: United States ($11.8B), Saudi Arabia ($2.38B), Nigeria ($1.11B), Angola ($545M), and Norway ($486M).

The fastest growing import markets in Petroleum oils, oils from bituminous minerals, crude for Canada between 2021 and 2022 were United States ($4.15B), Saudi Arabia ($868M), and Angola ($138M).

COMPANIES In 2023, leading companies such as Celebrity Cruises (185), Costco Wholesale (141), and Walmart (94) were at the forefront of shipping Petroleum oils, oils from bituminous minerals, crude from Canada to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Canada's Petroleum oils, oils from bituminous minerals, crude exports accounted up to C$12.6B and imports accounted up to C$1.7B, resulting in a positive trade balance of C$10.9B. Between June 2023 and June 2024 the exports of Canada's   Petroleum oils, oils from bituminous minerals, crude have decreased by C$-5.73B (-31.3%) from C$18.3B to C$12.6B, while imports increased by C$243M (16.7%) from C$1.46B to C$1.7B.

Destinations In June 2024, Petroleum oils, oils from bituminous minerals, crude were exported mostly to United States (C$11.8B), China (C$331M), India (C$159M), Netherlands (C$114M), and Hong Kong (C$114M), and were imported mostly from United States (C$1.33B), Saudi Arabia (C$245M), Nigeria (C$125M), United Arab Emirates (C$27), and Cuba (C$11).

Growth In June 2024, the decrease in Petroleum oils, oils from bituminous minerals, crude's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the increase in Petroleum oils, oils from bituminous minerals, crude's year-by-year imports was explained primarily by an increase in imports from United States (C$246M or 27.1%) and Nigeria (C$13.8M or 12.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-5.73B(-31.3%)
IMPORT GROWTH (June 2023 - June 2024)C$243M(16.7%)
MAIN EXPORTER (June 2024)AlbertaC$11.5B
MAIN DESTINATION (June 2024)United StatesC$11.8B

This section shows Petroleum oils, oils from bituminous minerals, crude's exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Petroleum oils, oils from bituminous minerals, crude over time.

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Unit Prices

Flow
Value

The following visualization shows the unit prices for Petroleum oils, oils from bituminous minerals, crude throughout time. Products without a clear unit are excluded.

Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$123B
IMPORTS (2022)$16.8B
NET TRADE (2022)$106B

In 2022, Canada exported $123B in Petroleum oils, oils from bituminous minerals, crude. The main destinations of Canada exports on Petroleum oils, oils from bituminous minerals, crude were United States ($117B), China ($2.29B), United Kingdom ($1.02B), Spain ($943M), and Germany ($349M).

In 2022, Canada imported $16.8B in Petroleum oils, oils from bituminous minerals, crude, mainly from United States ($11.8B), Saudi Arabia ($2.38B), Nigeria ($1.11B), Angola ($545M), and Norway ($486M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum oils, oils from bituminous minerals, crude EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$37.6B (47.1%)
China$2.18B (1.96k%)
United Kingdom$681M (199%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum oils, oils from bituminous minerals, crude BY Canada WERE (2021 - 2022):
Chile-$182M (-100%)
India-$159M (-58.5%)
Ireland-$96.5M (-58.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Petroleum oils, oils from bituminous minerals, crude were:
Saudi Arabia $236B
Russia $133B
In 2022, Canada's main importing competitors in Petroleum oils, oils from bituminous minerals, crude were:
China $287B
United States $199B
India $170B

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Trade Value of Petroleum oils, oils from bituminous minerals, crude by Exporters

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