Canada becomes the biggest supplier of Petroleum and Crude oil, and here is why #infographic

Published by Yamna Ali Saturday, October 17, 2020

When you find yourself in the position to determine a country’s market, you must pay attention to the products that are shipped off out of that country and into the others. Exporting and importing have been two of the biggest drivers of the economic world; if a country succeeds in making enough products so that others could benefit from it, then it certainly has something to celebrate in the future. Canada, being the biggest producer of crude oil, has become one of the biggest exporters by earning $3.5 million for each barrel.

As per reports, U.S is the biggest potential market for petroleum and crude oil as it pays such a massive amount to avail these two resources from Canada. The following infographic highlights all the biggest exports of Canada that have helped the country to earn fortunes in the past decades. From Pharmaceuticals to Mineral oils, it has taken huge strides in the path of success by supplying heavy resources to its most awaited global clients.

Other than the U.S, countries such as Singapore, Mexico, Europe, China, India, and many others have also added themselves to the list of foreign buyers, and this is precisely why Canada stood at number 4 in the previous year for being the largest exporter of crude oil.

Infographic by: Energyminute.ca

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