Petroleum Gas in Canada | The Observatory of Economic Complexity

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Exports In 2022, Canada exported $24.3B in Petroleum Gas, making it the 8th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 3rd most exported product in Canada. The main destination of Petroleum Gas exports from Canada are: United States ($22.4B), Japan ($1.34B), South Korea ($393M), Mexico ($117M), and China ($25.3M).

The fastest growing export markets for Petroleum Gas of Canada between 2021 and 2022 were United States ($8.84B), Japan ($506M), and South Korea ($162M).

Imports In 2022, Canada imported $4.59B in Petroleum Gas, becoming the 26th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 14th most imported product in Canada. Canada imports Petroleum Gas primarily from: United States ($4.39B), Equatorial Guinea ($63.3M), Trinidad and Tobago ($40.8M), Dominican Republic ($34.6M), and United Arab Emirates ($27.7M).

The fastest growing import markets in Petroleum Gas for Canada between 2021 and 2022 were United States ($1.95B), Equatorial Guinea ($61.3M), and Dominican Republic ($34.6M).

Latest Trends

February 2024

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Overview In February 2024 Canada's Petroleum Gas exports accounted up to C$1.43B and imports accounted up to C$492M, resulting in a positive trade balance of C$941M. Between February 2023 and February 2024 the exports of Canada's Petroleum Gas have decreased by C$-823M (-36.5%) from C$2.26B to C$1.43B, while imports increased by C$103M (26.5%) from C$389M to C$492M.

Destinations In February 2024, Petroleum Gas were exported mostly to United States (C$1.28B), Japan (C$84.2M), South Korea (C$48.7M), Mexico (C$15.3M), and Germany (C$544k), and were imported mostly from United States (C$328M), Trinidad and Tobago (C$104M), Peru (C$56M), Canada (C$2.8M), and South Korea (C$350k).

Growth In February 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 February 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

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)C$-823M(-36.5%)

IMPORT GROWTH (February 2023 - February 2024)C$103M(26.5%)

MAIN EXPORTER (February 2024)AlbertaC$1.64B

MAIN DESTINATION (February 2024)United StatesC$1.28B

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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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$24.3B

IMPORTS (2022)$4.59B

NET TRADE (2022)$19.7B

In 2022, Canada exported $24.3B in Petroleum Gas. The main destinations of Canada exports on Petroleum Gas were United States ($22.4B), Japan ($1.34B), South Korea ($393M), Mexico ($117M), and China ($25.3M).

In 2022, Canada imported $4.59B in Petroleum Gas, mainly from United States ($4.39B), Equatorial Guinea ($63.3M), Trinidad and Tobago ($40.8M), Dominican Republic ($34.6M), and United Arab Emirates ($27.7M).

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