HS Icon Petroleum Gas in  Flag Canada

2019
Exports | Imports
: $9.21B | $2.47B, World Rnk 8 / 152
Flag Rnk 6 / 1208 | World Rnk 21 / 219
Flag Rnk 30 / 1213

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $225M | $18.2M, Japan |  Angola

2019
ECONOMIC COMPLEXITY of Canada
: 0.96, Rnk 31 / 147

2019
PRODUCT COMPLEXITY  IN Petroleum Gas
: -2.48, Rnk 1023 / 1029

Exports: In 2019, Canada exported $9.21B in Petroleum Gas, making it the 8th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 6th most exported product in Canada. The main destination of Petroleum Gas exports from Canada are: United States ($8.61B), Mexico ($269M), Japan ($225M), China ($94.6M), and South Korea ($17.8M).

The fastest growing export markets for Petroleum Gas of Canada between 2018 and 2019 were Japan ($225M), China ($94.1M), and South Korea ($17.8M).

Imports: In 2019, Canada imported $2.47B in Petroleum Gas, becoming the 21st largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 30th most imported product in Canada. Canada imports Petroleum Gas primarily from: United States ($2.35B), Trinidad and Tobago ($91.5M), Angola ($18.2M), Estonia ($6.23M), and South Korea ($2.58M).

The fastest growing import markets in Petroleum Gas for Canada between 2018 and 2019 were Angola ($18.2M), Estonia ($5.25M), and Poland ($236k).

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%).

Latest Trends (May 2021)

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Overview: In May 2021 Canada's Petroleum Gas exports accounted up to C$1.01B and imports accounted up to C$160M, resulting in a positive trade balance of C$851M. Between May 2020 and May 2021 the exports of Canada's   Petroleum Gas have increased by C$452M (80.9%) from C$559M to C$1.01B, while imports increased by C$24.7M (18.2%) from C$136M to C$160M.

Destinations: In May 2021, Petroleum Gas were exported mostly to United States (C$896M), Japan (C$60M), Mexico (C$26.9M), South Korea (C$21.7M), and China (C$6.72M), and were imported mostly from United States (C$160M), South Korea (C$320k), Canada (C$80.7k), China (C$61.9k), and United Kingdom (C$34.2k).

Growth: In May 2021, the increase in Petroleum Gas's year-by-year exports was explained primarily by an increase in exports to United States (C$387M or 76.1%), Mexico (C$22M or 448%), and Japan (C$14.9M or 32.9%). In May 2021, the increase in Petroleum Gas's year-by-year imports was explained primarily by an increase in imports from United States (C$24.6M or 18.2%), Canada (C$75.7k or 1.53k%), and China (C$55.9k or 942%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (May 2020 - May 2021): C$452M, (80.9%)

IMPORT GROWTH (May 2020 - May 2021): C$24.7M, (18.2%)

MAIN EXPORTER (May 2021): Alberta, C$578M

MAIN DESTINATION (May 2021): United States, C$896M

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

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Value

EXPORTS (2019): $9.21B

IMPORTS (2019): $2.47B

NET TRADE (2019): $6.74B

In 2019, Canada exported $9.21B in Petroleum Gas. The main destinations of Canada exports on Petroleum Gas were United States ($8.61B), Mexico ($269M), Japan ($225M), China ($94.6M), and South Korea ($17.8M).

In 2019, Canada imported $2.47B in Petroleum Gas, mainly from United States ($2.35B), Trinidad and Tobago ($91.5M), Angola ($18.2M), Estonia ($6.23M), and South Korea ($2.58M).

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IN 2019, Canada HAD A POSITIVE NET TRADE IN Petroleum Gas WITH:

IN 2019, Canada HAD A NEGATIVE NET TRADE IN Petroleum Gas WITH:

Flow

THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Canada WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Canada WERE (2018 - 2019):

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Market Concentration

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Flow
Type

In 2018, Canada's main exporting competitors in Petroleum Gas were:

In 2018, Canada's main importing competitors in Petroleum Gas were:

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Tariffs by Country

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In 2018, the average tariff for Canada in Petroleum Gas was 1.11%.

The countries with the highest tariffs for Petroleum Gas in Canada 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%).