Search results
Aug 21, 2024 · Crude oil exports continued to grow in 2023, reaching a record high of 4 million barrels per (MMb/d), an increase of 3% from 2022. This growth was supported by record high Canadian oil production in 2023. In 2023, crude oil exports amounted to 81% of the country's total crude oil production 1 2.
- CER – Canadian Crude Oil Exports: A 30 Year Review
The CER’s Crude Oil Export Summary provides an overall...
- CER – Crude Oil Export Summary
Crude Oil Export Summary Figure Data [XLSX 121 KB] This data...
- CER – Canadian Crude Oil Exports: A 30 Year Review
- Canadian Oil Production
- Crude Oil Export Values
- Canada’s Trade Balance
- Access The Data Used in This Report
- Appendix
In the last 30 years, Canadian crude oil* production grew at a sustained pace, first led by conventional oil*, and for the last 15 years by oil sands*. Canadian crude oil production has grown considerably over the last 30 years, from 1.7 million barrels per day (b/d) in 1990 to 4.7 million b/d in 2019. Conventional types of oil, light and heavy, co...
Crude oil rises to become Canada’s top exported product. Canadian crude oil export values rose significantly over the past 30 years. While export volumes increased steadily over time, volatility in export prices has generally driven the trends observed in the value of these exports. Over the past 30 years, crude has continually been one of the top ...
Strength in exports of crude oil sustains Canada’s trade balance. Canada’s merchandise trade balance, measured as the difference between its exports and imports of goods on a balance of payments basis, is strongly influenced by crude oil exports. In addition to being a closely-watched indicator in its own right, the goods trade balance directly inf...
The data aggregated and created for this report are available as open datasets for download on Open Government.
The crude oil data used in this report come from a number of different sources from both the CER and Statistics Canada. Naturally, there are some differences in each department’s data. For conceptual and analytical purposes, there is alignment in the definition of crude oil used throughout this report. For a thorough comparison of the various data ...
- Exports and imports increased sharply in 2022. Context. The year 2021 was defined by strong economic recovery, including international trade, following a slowdown in the activity of several industries in Canada and elsewhere in 2020 during the first waves of the COVID-19 pandemic.
- International trade ramped up in the first half of 2022. Energy products posted the largest increase in exports in 2022. Total exports rose 22.5% in 2022, which represented an increase of more than $142 billion.
- Product section contribution to the annual change in exports, in current and constant dollars. The value of energy exports rose 57.1% in 2022, led by strong price increases.
- Exports of energy products rose in the first part of 2022, then declined in the second half. Exports of crude oil (+50.8%) contributed the most to the growth in exports of energy products in 2022, largely due to strong price increases.
Crude Oil Export Summary Figure Data [XLSX 121 KB] This data is compiled from the CER’s monthly Commodity Statistics reports and Crude Exports by Rail Statistics. For the latest export volume data, including updates and revisions, please see the Commodity Statistics and Crude Exports by Rail pages.
Sep 27, 2023 · According to the Raw materials price index, the price of crude oil and bitumen in 2022 increased by 49.0% from 2021, while the price of natural gas increased by 25.6%. Total production for crude oil rose by 2.3% in 2022, while total natural gas production increased by 7.3%.
Jul 16, 2024 · Crude oil exports from Canada 2023, by destination. Crude oil imports to Canada 2022, by region of origin. Annual WCS oil price 2012-2023. Western Canadian Select (WCS) crude oil...
People also ask
How much oil did Canada export in 2023?
Why did oil prices increase in Canada in 2022?
How have Canadian crude oil exports changed over 30 years?
What is the value of crude oil exports in Canada?
On the trade side, exports of primary energy increased 7.7% in March compared with the same month in 2021. Exports of crude oil and equivalent products (+5.4%) and natural gas (+10.3%) both contributed to the export gains.
