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2022
Exports $2.71BWorld Rnk 1 / 113
Flag Rnk 28 / 4485
falsefalse United States
2022
Imports $81.2MWorld Rnk 38 / 191
Flag Rnk 1039 / 4548
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $2.71B in Petroleum bitumen, making it the 1st largest exporter of Petroleum bitumen in the world. At the same year, Petroleum bitumen was the 28th most exported product in Canada. The main destination of Petroleum bitumen exports from Canada are: United States ($2.68B), Belgium ($20.6M), United Kingdom ($166k), China ($21.6k), and Slovenia ($17.8k).

Imports In 2022, Canada imported $81.2M in Petroleum bitumen, becoming the 38th largest importer of Petroleum bitumen in the world. At the same year, Petroleum bitumen was the 1039th most imported product in Canada. Canada imports Petroleum bitumen primarily from: United States ($80.4M), France ($801k), Germany ($2.2k), China ($343), and Colombia ($40).

The fastest growing import markets in Petroleum bitumen for Canada between 2021 and 2022 were United States ($12.9M), France ($801k), and China ($343).

COMPANIES In 2023, leading companies such as Celebrity Cruises (185), Costco Wholesale (141), and Walmart (94) were at the forefront of shipping Petroleum bitumen from Canada to the United States.

Latest Trends

June 2024

About

Overview In June 2024 Canada's Petroleum bitumen exports accounted up to C$292M and imports accounted up to C$20.1M, resulting in a positive trade balance of C$271M. Between June 2023 and June 2024 the exports of Canada's   Petroleum bitumen have decreased by C$-85.6M (-22.7%) from C$377M to C$292M, while imports increased by C$13.5M (202%) from C$6.66M to C$20.1M.

Destinations In June 2024, Petroleum bitumen were exported mostly to United States (C$292M) and United Kingdom (C$42.2k), and were imported mostly from United States (C$20.1M).

Growth In June 2024, the decrease in Petroleum bitumen's year-by-year exports was explained primarily by a decrease in exports to . In June 2024, the increase in Petroleum bitumen's year-by-year imports was explained primarily by an increase in imports from United States (C$1.15M or 21.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-85.6M(-22.7%)
IMPORT GROWTH (June 2023 - June 2024)C$13.5M(202%)
MAIN DESTINATION (June 2024)United StatesC$292M

This section shows Petroleum bitumen'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 bitumen over time.

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Unit Prices

Flow
Value

The following visualization shows the unit prices for Petroleum bitumen throughout time. Products without a clear unit are excluded.

Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.71B
IMPORTS (2022)$81.2M
NET TRADE (2022)$2.62B

In 2022, Canada exported $2.71B in Petroleum bitumen. The main destinations of Canada exports on Petroleum bitumen were United States ($2.68B), Belgium ($20.6M), United Kingdom ($166k), China ($21.6k), and Slovenia ($17.8k).

In 2022, Canada imported $81.2M in Petroleum bitumen, mainly from United States ($80.4M), France ($801k), Germany ($2.2k), China ($343), and Colombia ($40).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Canada's main exporting competitors in Petroleum bitumen were:
Singapore $1.53B
South Korea $1.09B
In 2022, Canada's main importing competitors in Petroleum bitumen were:
United States $2.93B
China $1.41B
India $921M

Explore Visualizations

Trade Value of Petroleum bitumen by Exporters

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