Petroleum Gas in Canada | The Observatory of Economic Complexity

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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).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Petroleum Gas from Canada to the United States.

Latest Trends

January 2024

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Overview In January 2024 Canada's Petroleum Gas exports accounted up to C$2.45B and imports accounted up to C$362M, resulting in a positive trade balance of C$2.09B. Between January 2023 and January 2024 the exports of Canada's Petroleum Gas have decreased by C$-1.21B (-33.1%) from C$3.66B to C$2.45B, while imports decreased by C$-302M (-45.5%) from C$664M to C$362M.

Destinations In January 2024, Petroleum Gas were exported mostly to United States (C$2.33B), Japan (C$83.7M), South Korea (C$24.6M), Mexico (C$7.44M), and Netherlands (C$220k), and were imported mostly from United States (C$275M), Trinidad and Tobago (C$44.3M), Peru (C$40.9M), South Korea (C$595k), and China (C$153k).

Growth In January 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$-140k or -19.9%). In January 2024, the decrease in Petroleum Gas's year-by-year imports was explained primarily by a decrease in imports from Canada (C$-226k or -9.53%), South Korea (C$-67.9k or -20.1%), and China (C$-58.2k or -25%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)C$-1.21B(-33.1%)

IMPORT GROWTH (January 2023 - January 2024)C$-302M(-45.5%)

MAIN EXPORTER (January 2024)AlbertaC$1.64B

MAIN DESTINATION (January 2024)United StatesC$2.33B

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

Trade Value

Growth

Growth (%)

Year

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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