Crude Petroleum in Canada 2020 Exports | Imports : $47.2B | $7.93B, World Rnk 4 / 132 Rnk 1 / 1208 | World Rnk 15 / 145 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).
December 2022
Overview In December 2022 Canada's Crude Petroleum exports accounted up to C$11B and imports accounted up to C$1.5B, resulting in a positive trade balance of C$9.5B. Between December 2021 and December 2022 the exports of Canada's Crude Petroleum have increased by C$183M (1.69%) from C$10.8B to C$11B, while imports decreased by C$-89M (-5.6%) from C$1.59B to C$1.5B.
Destinations In December 2022, Crude Petroleum were exported mostly to United States (C$10.7B), Spain (C$216M), Netherlands (C$68M), and Italy (C$59.4M), and were imported mostly from United States (C$1.04B), Saudi Arabia (C$234M), Nigeria (C$129M), United Kingdom (C$97.5M), and India (C$111).
Growth In December 2022, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to United States (C$4.42B or 74.7%) and Spain (C$24.6M or 51.8%). In December 2022, the decrease in Crude Petroleum's year-by-year imports was explained primarily by a decrease in imports from Nigeria (C$-96.9M or -46.5%).
EXPORT GROWTH (December 2021 - December 2022): C$183M, (1.69%)
IMPORT GROWTH (December 2021 - December 2022): C$-89M, (-5.6%)
MAIN EXPORTER (December 2022): Alberta, C$9.22B
MAIN DESTINATION (December 2022): United States, C$10.7B
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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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).
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):
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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