2022
Exports
$123BWorld Rnk 3 / 149
Flag Rnk 1 / 1210
2022
PRODUCT COMPLEXITY IN Crude Petroleum
-2.25Rnk 1011 / 1025
2022
Imports
$16.8BWorld Rnk 15 / 158
Flag Rnk 5 / 1213
2022
ECONOMIC COMPLEXITY of Canada
0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $123B in Crude Petroleum, making it the 3rd largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most exported product in Canada. The main destination of Crude Petroleum exports from Canada are: United States ($117B), China ($2.29B), United Kingdom ($1.02B), Spain ($943M), and Germany ($349M).

The fastest growing export markets for Crude Petroleum of Canada between 2021 and 2022 were United States ($37.6B), China ($2.18B), and United Kingdom ($681M).

Imports In 2022, Canada imported $16.8B in Crude Petroleum, becoming the 15th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 5th most imported product in Canada. Canada imports Crude Petroleum primarily from: United States ($11.8B), Saudi Arabia ($2.38B), Nigeria ($1.11B), Angola ($545M), and Norway ($486M).

The fastest growing import markets in Crude Petroleum for Canada between 2021 and 2022 were United States ($4.15B), Saudi Arabia ($868M), and Angola ($138M).

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)C$4.81B(48%)
IMPORT GROWTH (July 2023 - July 2024)C$209M(12.2%)
MAIN EXPORTER (July 2024)AlbertaC$12.4B
MAIN DESTINATION (July 2024)United StatesC$14.2B

This section shows Crude Petroleum'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 Crude Petroleum over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$123B
IMPORTS (2022)$16.8B
NET TRADE (2022)$106B

In 2022, Canada exported $123B in Crude Petroleum. The main destinations of Canada exports on Crude Petroleum were United States ($117B), China ($2.29B), United Kingdom ($1.02B), Spain ($943M), and Germany ($349M).

In 2022, Canada imported $16.8B in Crude Petroleum, mainly from United States ($11.8B), Saudi Arabia ($2.38B), Nigeria ($1.11B), Angola ($545M), and Norway ($486M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crude Petroleum EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$37.6B (47.1%)
China$2.18B (1.96k%)
United Kingdom$681M (199%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crude Petroleum BY Canada WERE (2021 - 2022):
Chile-$182M (-100%)
India-$159M (-58.5%)
Ireland-$96.5M (-58.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Crude Petroleum were:
In 2022, Canada's main importing competitors in Crude Petroleum were:

Explore Visualizations

Trade Value of Crude Petroleum by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.7B
TOP IMPORT POTENTIALUnited States+ $1.11B

Crude Petroleum’s highest export potential is China. With an export gap of $2.7B.   Crude Petroleum’s highest import potential is United States with an import gap of $1.11B.

See methodology.

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