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2023
Exports $15.7BWorld Rnk 9 / 163
Flag Rnk 4 / 1212
2023
Destination $198k United States
2022 - 2023
FASTEST GROWING MARKET $198kIndonesia
2023
PRODUCT COMPLEXITY IN Petroleum Gas-2.01Rnk 998 / 1025
2023
Imports $2.5BWorld Rnk 32 / 220
Flag Rnk 36 / 1211
2023
Origin $162k United States
2022 - 2023
FASTEST GROWING ORIGIN $162kGreece
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $15.7B in Petroleum Gas, making it the 9th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 4th most exported product in Canada. The main destination of Petroleum Gas exports from Canada are: United States ($14.3B), Japan ($1.05B), South Korea ($326M), Mexico ($49.6M), and China ($5M).

The fastest growing export markets for Petroleum Gas of Canada between 2022 and 2023 were Indonesia ($198k), Germany ($140k), and India ($83.2k).

Imports In 2023, Canada imported $2.5B in Petroleum Gas, becoming the 32nd largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 36th most imported product in Canada. Canada imports Petroleum Gas primarily from: United States ($2.47B), Trinidad and Tobago ($11.5M), Peru ($10.8M), South Korea ($3.06M), and China ($1.15M).

The fastest growing import markets in Petroleum Gas for Canada between 2022 and 2023 were Greece ($162k), Netherlands ($126k), and Belgium ($93k).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Petroleum Gas exports accounted up to C$982M and imports accounted up to C$191M, resulting in a positive trade balance of C$791M. Between November 2023 and November 2024 the exports of Canada's   Petroleum Gas have decreased by C$-522M (-34.7%) from C$1.5B to C$982M, while imports increased by C$13.8M (7.74%) from C$178M to C$191M.

Destinations In November 2024, Petroleum Gas were exported mostly to United States (C$826M), Japan (C$136M), South Korea (C$16.9M), Mexico (C$1.88M), and Netherlands (C$605k), and were imported mostly from United States (C$191M), South Korea (C$312k), United Kingdom (C$106k), China (C$75.8k), and Philippines (C$56.7k).

Growth In November 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 November 2024, the increase in Petroleum Gas's year-by-year imports was explained primarily by an increase in imports from United States (C$134M or 25.4%), United Kingdom (C$3.16k or 1.14k%), and Germany (C$350 or 35.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$-522M(-34.7%)
IMPORT GROWTH (November 2023 - November 2024)C$13.8M(7.74%)
MAIN EXPORTER (November 2024)AlbertaC$1.64B
MAIN DESTINATION (November 2024)United StatesC$826M

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
EXPORTS (2023)$15.7B
IMPORTS (2023)$2.5B
NET TRADE (2023)$13.2B

In 2023, Canada exported $15.7B in Petroleum Gas. The main destinations of Canada exports on Petroleum Gas were United States ($14.3B), Japan ($1.05B), South Korea ($326M), Mexico ($49.6M), and China ($5M).

In 2023, Canada imported $2.5B in Petroleum Gas, mainly from United States ($2.47B), Trinidad and Tobago ($11.5M), Peru ($10.8M), South Korea ($3.06M), and China ($1.15M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Canada WERE (2022 - 2023):
Indonesia$198k (1%)
Germany$140k (2.23k%)
India$83.2k (43.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Canada WERE (2022 - 2023):
United States-$8.18B (-36.4%)
South Korea-$149M (-31.3%)
Japan-$76M (-6.77%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Petroleum Gas were:
United States $83.2B
Qatar $71.1B
Norway $70.8B
In 2023, Canada's main importing competitors in Petroleum Gas were:
China $83.7B
Japan $52.5B
France $45.4B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.74B
TOP IMPORT POTENTIALUnited States+ $1.18B

Petroleum Gas’s highest export potential is United States. With an export gap of $1.74B.   Petroleum Gas’s highest import potential is United States with an import gap of $1.18B.

See methodology.

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