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2022
Exports $24.3BWorld Rnk 8 / 160
Flag Rnk 3 / 1210
2022
Destination $8.84B United States
2021 - 2022
FASTEST GROWING MARKET $8.84BUnited States
2022
PRODUCT COMPLEXITY IN Petroleum Gas-1.98Rnk 1000 / 1025
2022
Imports $4.59BWorld Rnk 26 / 222
Flag Rnk 14 / 1213
2022
Origin $1.95B United States
2021 - 2022
FASTEST GROWING ORIGIN $1.95BUnited States
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $24.3B in Petroleum Gas, making it the 8th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 3rd most exported product in Canada. The main destination of Petroleum Gas exports from Canada are: United States ($22.4B), Japan ($1.34B), South Korea ($393M), Mexico ($117M), and China ($25.3M).

The fastest growing export markets for Petroleum Gas of Canada between 2021 and 2022 were United States ($8.84B), Japan ($506M), and South Korea ($162M).

Imports In 2022, Canada imported $4.59B in Petroleum Gas, becoming the 26th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 14th most imported product in Canada. Canada imports Petroleum Gas primarily from: United States ($4.39B), Equatorial Guinea ($63.3M), Trinidad and Tobago ($40.8M), Dominican Republic ($34.6M), and United Arab Emirates ($27.7M).

The fastest growing import markets in Petroleum Gas for Canada between 2021 and 2022 were United States ($1.95B), Equatorial Guinea ($61.3M), and Dominican Republic ($34.6M).

Latest Trends

September 2024

About

Overview In September 2024 Canada's Petroleum Gas exports accounted up to C$1B and imports accounted up to C$185M, resulting in a positive trade balance of C$819M. Between September 2023 and September 2024 the exports of Canada's   Petroleum Gas have decreased by C$-263M (-20.7%) from C$1.27B to C$1B, while imports increased by C$38.6M (26.3%) from C$147M to C$185M.

Destinations In September 2024, Petroleum Gas were exported mostly to United States (C$804M), Japan (C$155M), South Korea (C$32.4M), Mexico (C$12.8M), and Netherlands (C$521k), and were imported mostly from United States (C$121M), Peru (C$37M), Trinidad and Tobago (C$26.8M), Canada (C$224k), and South Korea (C$209k).

Growth In September 2024, the decrease in Petroleum Gas's year-by-year exports was explained primarily by a decrease in exports to Mexico (C$-22.7M or -91.6%), Japan (C$-20.2M or -22.5%), and China (C$-140k or -19.9%). In September 2024, the increase in Petroleum Gas's year-by-year imports was explained primarily by an increase in imports from United States (C$134M or 25.4%), United Kingdom (C$3.16k or 1.14k%), and Germany (C$350 or 35.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)C$-263M(-20.7%)
IMPORT GROWTH (September 2023 - September 2024)C$38.6M(26.3%)
MAIN EXPORTER (September 2024)AlbertaC$1.64B
MAIN DESTINATION (September 2024)United StatesC$804M

This section shows Petroleum Gas'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 Petroleum Gas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$24.3B
IMPORTS (2022)$4.59B
NET TRADE (2022)$19.7B

In 2022, Canada exported $24.3B in Petroleum Gas. The main destinations of Canada exports on Petroleum Gas were United States ($22.4B), Japan ($1.34B), South Korea ($393M), Mexico ($117M), and China ($25.3M).

In 2022, Canada imported $4.59B in Petroleum Gas, mainly from United States ($4.39B), Equatorial Guinea ($63.3M), Trinidad and Tobago ($40.8M), Dominican Republic ($34.6M), and United Arab Emirates ($27.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$8.84B (65.4%)
Japan$506M (60.4%)
South Korea$162M (70.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Canada WERE (2021 - 2022):
Mexico-$165M (-58.5%)
Canada-$1.11M (-6.48%)
Singapore-$495k (-2.74%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Petroleum Gas were:
Norway $154B
United States $116B
Russia $71.5B
In 2022, Canada's main importing competitors in Petroleum Gas were:
Germany $98B
China $72.7B
Italy $67.6B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.74B
TOP IMPORT POTENTIALUnited States+ $1.18B

Petroleum Gas’s highest export potential is United States. With an export gap of $1.74B.   Petroleum Gas’s highest import potential is United States with an import gap of $1.18B.

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