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%).