HS Icon Crude Petroleum in  Flag Canada

2020
Exports | Imports
: $47.2B | $7.93B, World Rnk 4 / 132
Flag Rnk 1 / 1208 | World Rnk 15 / 145
Flag Rnk 8 / 1213

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $58.3M | $202M, Hong Kong |  Nigeria

2020
ECONOMIC COMPLEXITY of Canada
: 0.93, Rnk 29 / 127

2020
PRODUCT COMPLEXITY  IN Crude Petroleum
: -2.2, Rnk 1018 / 1029

Exports In 2020, Canada exported $47.2B 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 ($45.4B), Netherlands ($432M), United Kingdom ($424M), Italy ($381M), and China ($210M).

The fastest growing export markets for Crude Petroleum of Canada between 2019 and 2020 were Hong Kong ($58.3M), Italy ($32.5M), and Chile ($32M).

Imports In 2020, Canada imported $7.93B in Crude Petroleum, becoming the 15th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 8th most imported product in Canada. Canada imports Crude Petroleum primarily from: United States ($6.28B), Saudi Arabia ($894M), Nigeria ($407M), Norway ($255M), and United Kingdom ($41.5M).

The fastest growing import markets in Crude Petroleum for Canada between 2019 and 2020 were Nigeria ($202M), Norway ($48.1M), and China ($156).

November 2022

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (November 2021 - November 2022): C$621M, (5.64%)

IMPORT GROWTH (November 2021 - November 2022): C$485M, (34.9%)

MAIN EXPORTER (November 2022): Alberta, C$9.95B

MAIN DESTINATION (November 2022): United States, C$11.2B

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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EXPORTS (2020): $47.2B

IMPORTS (2020): $7.93B

NET TRADE (2020): $39.2B

In 2020, Canada exported $47.2B in Crude Petroleum. The main destinations of Canada exports on Crude Petroleum were United States ($45.4B), Netherlands ($432M), United Kingdom ($424M), Italy ($381M), and China ($210M).

In 2020, Canada imported $7.93B in Crude Petroleum, mainly from United States ($6.28B), Saudi Arabia ($894M), Nigeria ($407M), Norway ($255M), and United Kingdom ($41.5M).

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Flow

THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Canada WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Canada WERE (2019 - 2020):

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Market Concentration

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In 2020, Canada's main exporting competitors in Crude Petroleum were:

In 2020, Canada's main importing competitors in Crude Petroleum were:

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