How much crude oil does Canada produce and export?
Canada is the 4th largest producer of crude oil: 6,164 thousand barrels daily in 2025, 6.1% of the world's 100,590 thousand barrels daily (Energy Institute). It is the 5th largest exporter by value: $109 billion in 2024, 8.2% of world exports of crude oil (HS 2709) (CEPII BACI). Its biggest customer is the United States, which takes 92% of its crude oil exports by value.
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Canada's crude oil production
| World rank | Production (thousand barrels daily) | Share of world | Ten-year growth | Year |
|---|---|---|---|---|
| 4 | 6,164 thousand barrels daily | 6.1% | +3.5% a year | 2025 |
Energy Institute Statistical Review of World Energy, Statistical Review 2026.
Share of world output over time
| 1990 | 2000 | 2010 | 2020 | 2025 |
|---|---|---|---|---|
| 3% | 3.6% | 4% | 5.8% | 6.1% |
Canada's crude oil exports
| World rank | Export value | Share of world exports | Quantity (tonnes) | Average value per tonne | Year |
|---|---|---|---|---|---|
| 5 | $109 billion | 8.2% | 214 million t | $509 | 2024 |
CEPII BACI international trade database (HS22, V202601), HS 2709 (Petroleum oils, crude).
Where Canada's crude oil goes
| Destination | Value | Share of Canada's exports |
|---|---|---|
| United States | $100.5B | 92% |
| China | $4.7B | 4.4% |
| Netherlands | $804M | 0.7% |
| United Kingdom | $560M | 0.5% |
| India | $522M | 0.5% |
Canada as a buyer of crude oil
Of its $15.8 billion of crude oil imports in 2024, 68% came from the United States and 9% from Saudi Arabia, among 32 suppliers.
The crude oil price Canada sells into
The benchmark price, Brent (dated, 38° API), was $116.8/bbl in September 2026, up 72% over twelve months. Its five-year volatility is 34% a year, calmer in 68% of its earlier five-year windows. A single country's export price can differ from the benchmark: see trade price against benchmark. Monthly averages lag the market and are not investment advice. Crude oil price history.
Cite as: Commodity Origins, "Canada crude oil: production, exports and prices", https://commodityorigins.com/countries/CAN/crude-oil/ (CC BY 4.0). Rankings count only countries reporting to the sources named; this page is shown only for top-five producers or exporters with at least 3% of the world total. Report an issue with this page.