Petroleum Gas in Canada 2020 Exports | Imports : $6.91B | $1.65B, World Rnk 8 / 152 Rnk 9 / 1208 | World Rnk 23 / 220 Rnk 47 / 1213
2019 - 2020 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $94M | $38.7M, Japan | Trinidad and Tobago
2020 ECONOMIC COMPLEXITY of Canada: 0.93, Rnk 29 / 127
2020 PRODUCT COMPLEXITY IN Petroleum Gas: -1.98, Rnk 1003 / 1029
Exports In 2020, Canada exported $6.91B in Petroleum Gas, making it the 8th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 9th most exported product in Canada. The main destination of Petroleum Gas exports from Canada are: United States ($6.41B), Japan ($332M), Mexico ($115M), China ($40.3M), and South Korea ($12.9M).
The fastest growing export markets for Petroleum Gas of Canada between 2019 and 2020 were Japan ($94M), France ($191k), and United Kingdom ($44.1k).
Imports In 2020, Canada imported $1.65B in Petroleum Gas, becoming the 23rd largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 47th most imported product in Canada. Canada imports Petroleum Gas primarily from: United States ($1.51B), Trinidad and Tobago ($131M), South Korea ($3.15M), Estonia ($3.14M), and China ($322k).
The fastest growing import markets in Petroleum Gas for Canada between 2019 and 2020 were Trinidad and Tobago ($38.7M), South Korea ($572k), and Chinese Taipei ($179k).
Tariffs In 2018, the average tariff for Canada in Petroleum Gas was 1.11%. The countries with the highest import tariffs for Petroleum Gas were Botswana (Most Favoured Nation duty rate treatement, 2.78%), Algeria (Most Favoured Nation duty rate treatement, 2.78%), Western Sahara (Most Favoured Nation duty rate treatement, 2.78%), Gabon (Most Favoured Nation duty rate treatement, 2.78%), and Equatorial Guinea (Most Favoured Nation duty rate treatement, 2.78%).
December 2022
Overview In December 2022 Canada's Petroleum Gas exports accounted up to C$2.42B and imports accounted up to C$481M, resulting in a positive trade balance of C$1.94B. Between December 2021 and December 2022 the exports of Canada's Petroleum Gas have increased by C$241M (11%) from C$2.18B to C$2.42B, while imports decreased by C$-1.57M (-0.32%) from C$483M to C$481M.
Destinations In December 2022, Petroleum Gas were exported mostly to United States (C$2.28B), Japan (C$70.3M), South Korea (C$67.8M), Netherlands (C$800k), and Mexico (C$679k), and were imported mostly from United States (C$480M), South Korea (C$633k), China (C$142k), Canada (C$90.8k), and Mexico (C$78.5k).
Growth In December 2022, the increase in Petroleum Gas's year-by-year exports was explained primarily by an increase in exports to United States (C$1.3B or 96.1%) and China (C$298k or 73.6%). In December 2022, the decrease in Petroleum Gas's year-by-year imports was explained primarily by a decrease in imports from South Korea (C$-70.3k or -17.2%) and Germany (C$-1.59k or -61.8%).
EXPORT GROWTH (December 2021 - December 2022): C$241M, (11%)
IMPORT GROWTH (December 2021 - December 2022): C$-1.57M, (-0.32%)
MAIN EXPORTER (December 2022): Alberta, C$1.64B
MAIN DESTINATION (December 2022): United States, C$2.28B
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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EXPORTS (2020): $6.91B
IMPORTS (2020): $1.65B
NET TRADE (2020): $5.27B
In 2020, Canada exported $6.91B in Petroleum Gas. The main destinations of Canada exports on Petroleum Gas were United States ($6.41B), Japan ($332M), Mexico ($115M), China ($40.3M), and South Korea ($12.9M).
In 2020, Canada imported $1.65B in Petroleum Gas, mainly from United States ($1.51B), Trinidad and Tobago ($131M), South Korea ($3.15M), Estonia ($3.14M), and China ($322k).
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Canada WERE (2019 - 2020):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Canada WERE (2019 - 2020):
In 2020, Canada's main exporting competitors in Petroleum Gas were:
In 2020, Canada's main importing competitors in Petroleum Gas were:
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