Trade - Petroleum Products Market

For geographic and economic reasons, oil is exported from the west and the Atlantic offshore and crude oil is imported in the eastern and central regions. On balance, we are a large and growing net oil exporter.

About half of the crude oil used by Canadian refiners to meet consumers' oil product needs comes from imports. About 44 percent of those imports come from OPEC countries and 37 percent come from the North Sea. Almost 100 percent of Canadian crude oil is shipped to the United States. Canada is the largest exporter of crude oil to the United States.

International trade of oil has a significant impact on Canada's trade balance. On average net oil exports represent about 30 percent of Canada's total net exports.