HS Icon Crude Petroleum in  Flag Canada

2019
Exports | Imports
: $67.8B | $13.5B, World Rnk 4 / 135
Flag Rnk 1 / 1208 | World Rnk 15 / 156
Flag Rnk 4 / 1213

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $2.09B | $319M, United States |  Russia

2019
ECONOMIC COMPLEXITY of Canada
: 0.96, Rnk 31 / 147

2019
PRODUCT COMPLEXITY  IN Crude Petroleum
: -3.02, Rnk 1029 / 1029

Exports: In 2019, Canada exported $67.8B in Crude Petroleum, making it the 4th 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 ($65.4B), United Kingdom ($587M), Netherlands ($568M), Italy ($348M), and India ($312M).

The fastest growing export markets for Crude Petroleum of Canada between 2018 and 2019 were United States ($2.09B), Netherlands ($312M), and India ($133M).

Imports: In 2019, Canada imported $13.5B in Crude Petroleum, becoming the 15th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 4th most imported product in Canada. Canada imports Crude Petroleum primarily from: United States ($9.82B), Saudi Arabia ($2.03B), Russia ($418M), United Kingdom ($222M), and Norway ($206M).

The fastest growing import markets in Crude Petroleum for Canada between 2018 and 2019 were Russia ($319M), United States ($195M), and Ghana ($133M).

Latest Trends (May 2021)

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Overview: In May 2021 Canada's Crude Petroleum exports accounted up to C$7.31B and imports accounted up to C$1.21B, resulting in a positive trade balance of C$6.1B. Between May 2020 and May 2021 the exports of Canada's   Crude Petroleum have increased by C$4.54B (164%) from C$2.77B to C$7.31B, while imports increased by C$777M (179%) from C$433M to C$1.21B.

Destinations: In May 2021, Crude Petroleum were exported mostly to United States (C$7.21B), Italy (C$57.7M), and South Korea (C$41.1M), and were imported mostly from United States (C$663M), Nigeria (C$172M), Saudi Arabia (C$149M), Azerbaijan (C$89M), and Norway (C$85.2M).

Growth: In May 2021, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to United States (C$4.66B or 183%). In May 2021, the increase in Crude Petroleum's year-by-year imports was explained primarily by an increase in imports from United States (C$353M or 114%), Saudi Arabia (C$83.1M or 127%), and Norway (C$51M or 150%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (May 2020 - May 2021): C$4.54B, (164%)

IMPORT GROWTH (May 2020 - May 2021): C$777M, (179%)

MAIN EXPORTER (May 2021): Alberta, C$6.08B

MAIN DESTINATION (May 2021): United States, C$7.21B

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

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Value

EXPORTS (2019): $67.8B

IMPORTS (2019): $13.5B

NET TRADE (2019): $54.3B

In 2019, Canada exported $67.8B in Crude Petroleum. The main destinations of Canada exports on Crude Petroleum were United States ($65.4B), United Kingdom ($587M), Netherlands ($568M), Italy ($348M), and India ($312M).

In 2019, Canada imported $13.5B in Crude Petroleum, mainly from United States ($9.82B), Saudi Arabia ($2.03B), Russia ($418M), United Kingdom ($222M), and Norway ($206M).

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IN 2019, Canada HAD A POSITIVE NET TRADE IN Crude Petroleum WITH:

IN 2019, Canada HAD A NEGATIVE NET TRADE IN Crude Petroleum WITH:

Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Canada WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Canada WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, Canada's main exporting competitors in Crude Petroleum were:

In 2018, Canada's main importing competitors in Crude Petroleum were:

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Tariffs by Country

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In 2018, the tariffs for Crude Petroleum in the imports of Canada were of 0% around the world.