2021
Exports | Imports
$81.2B | $11.9BWorld Rnk 3 / 147
Flag Rnk 1 / 1212
World Rnk 16 / 163
Flag Rnk 5 / 1214
2021
ECONOMIC COMPLEXITY of Canada
0.9Rnk 32 / 131
2021
PRODUCT COMPLEXITY IN Crude Petroleum
-2.36Rnk 1013 / 1024

About

Exports In 2021, Canada exported $81.2B in Crude Petroleum, making it the 3rd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Canada. The main destination of Crude Petroleum exports from Canada are: United States ($78.8B), Spain ($642M), United Kingdom ($343M), India ($234M), and Netherlands ($226M).

The fastest growing export markets for Crude Petroleum of Canada between 2020 and 2021 were United States ($33.5B), Spain ($531M), and France ($198M).

Imports In 2021, Canada imported $11.9B in Crude Petroleum, becoming the 16th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 5th most imported product in Canada. Canada imports Crude Petroleum primarily from: United States ($7.36B), Saudi Arabia ($1.51B), Nigeria ($1.4B), Norway ($466M), and Angola ($425M).

The fastest growing import markets in Crude Petroleum for Canada between 2020 and 2021 were United States ($1.08B), Nigeria ($996M), and Saudi Arabia ($638M).

Latest Trends

November 2023

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2022 - November 2023)C$1.57B(13.5%)
IMPORT GROWTH (November 2022 - November 2023)C$-223M(-11.9%)
MAIN EXPORTER (November 2023)AlbertaC$16.9B
MAIN DESTINATION (November 2023)United StatesC$12.9B

This section shows Crude Petroleum'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 Crude Petroleum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2021)$81.2B
IMPORTS (2021)$11.9B
NET TRADE (2021)$69.3B

In 2021, Canada exported $81.2B in Crude Petroleum. The main destinations of Canada exports on Crude Petroleum were United States ($78.8B), Spain ($642M), United Kingdom ($343M), India ($234M), and Netherlands ($226M).

In 2021, Canada imported $11.9B in Crude Petroleum, mainly from United States ($7.36B), Saudi Arabia ($1.51B), Nigeria ($1.4B), Norway ($466M), and Angola ($425M).

Explore Visualizations

Export Destinations (2021)

Import Origins (2021)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Canada WERE (2020 - 2021):
United States$33.5B (73.9%)
Spain$531M (478%)
France$198M (5.3M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Canada WERE (2020 - 2021):
Italy-$311M (-79.2%)
Netherlands-$206M (-47.6%)
China-$99M (-47.1%)

Change in Exports by Market (2020 - 2021)

Market Concentration

View
Flow
Type
In 2021, Canada's main exporting competitors in Crude Petroleum were:
In 2021, Canada's main importing competitors in Crude Petroleum were:

Explore Visualizations

Trade Value of Crude Petroleum by Exporters

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