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2023
Flag → Flag
Exports $18BRnk 3 / 215
2023
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Top Product $11.6BGold
2023
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Exports $6.71BRnk 17 / 223
2023
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Top Product $695MCars
2023
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Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
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Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
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GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
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GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
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 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
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GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
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GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
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GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
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GDP PC$49,464CURRENT US$
Rnk 26 / 196
2013-2023
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GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Canada-United Kingdom Trade: In 2023, Canada exported $18B to United Kingdom. The main products that Canada exported to United Kingdom were Gold ($11.6B), Crude Petroleum ($1.17B), and Planes, Helicopters, and/or Spacecraft ($957M). Over the past 5 years the exports of Canada to United Kingdom have decreased at an annualized rate of 2.44%, from $20.3B in 2018 to $18B in 2023.

In 2020, Canada exported services to United Kingdom worth $2.91B, with Financial services ($1.33B), Transportation ($672M), and Royalties and license fees ($319M) being the largest in terms of value.

United Kingdom-Canada Trade: In 2023, United Kingdom exported $6.71B to Canada. The main products that United Kingdom exported to Canada were Cars ($695M), Aircraft parts (gliders, balloons, and powered aircraft) ($601M), and Refined Petroleum ($492M). Over the past 5 years the exports of United Kingdom to Canada have decreased at an annualized rate of 0.82%,  from $6.99B in 2018 to $6.71B in 2023.

In 2019, United Kingdom exported services to Canada worth $0, with being the largest in terms of value.

Comparison: In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$2.83B and imported C$591M from United Kingdom, resulting in a positive trade balance of C$2.24B. Between November 2023 and November 2024 the exports of Canada have increased by C$1.59B (128%) from C$1.24B to C$2.83B, while imports decreased by C$-142M (-19.4%) from C$733M to C$591M.

Trade In November 2024, the top exports of Canada to United Kingdom were Gold (C$1.22B), Crude Petroleum (C$145M), Radioactive Chemicals (C$22.5M), Wheat (C$20.5M), and Newsprint (C$15.7M). In November 2024 the top imports of Canada from United Kingdom were Crude Petroleum (C$161M), Cars (C$78.3M), Packaged Medicaments (C$30.6M), Hard Liquor (C$30.2M), and Aircraft parts for spacecraft, UAVs, and... (C$29.1M).

Origins In November 2024 the exports of Canada were mainly from Ontario (C$2.41B), Quebec (C$166M), Saskatchewan (C$95.8M), Newfoundland Labrador (C$83M), and Manitoba (C$44.5M), while imports destinations were mainly Ontario (C$273M), Quebec (C$175M), British Columbia (C$39.2M), Alberta (C$34.6M), and Nova Scotia (C$31.5M).

Growth In November 2024, the increase in Canada's year-by-year exports to United Kingdom was explained primarily by an increase in product exports in Gold (C$166M or 15.7%), Crude Petroleum (C$64M or 78.6%), and Wheat (C$20.3M or 11.6k%). In November 2024, the decrease in Canada's year-by-year imports  from United Kingdom was explained primarily by an decrease in product imports  in Silver (C$-55.6M or -99.3%), Aircraft parts for spacecraft, UAVs, and... (C$-22.6M or -43.8%), and Iron Blocks (C$-11.5M or -97.9%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$1.59B(128%)
IMPORT GROWTH (November 2023 - November 2024)C$-142M(-19.4%)
MAIN EXPORTER (November 2024)OntarioC$2.41B

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check United Kingdom and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore United Kingdom and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $18B to United Kingdom. The main products exported from Canada to United Kingdom were Gold ($11.6B), Crude Petroleum ($1.17B), and Planes, Helicopters, and/or Spacecraft ($957M). During the last 5 years the exports of Canada to United Kingdom have decreased at an annualized rate of 2.44%, from $20.3B in 2018 to $18B in 2023.

In 2018, United Kingdom exported $6.71B to Canada. The main products exported from United Kingdom to Canada were Cars ($695M), Aircraft parts (gliders, balloons, and powered aircraft) ($601M), and Refined Petroleum ($492M). During the last 5 years the exports of United Kingdom to Canada have decreased at an annualized rate of 0.82%, from $6.99B in 2023 to $6.71B in 2018.

Exports from Canada (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
United Kingdom
Top DestinationUnited States$59.7B

This map shows whether countries import more from Canada or United Kingdom. Each country is colored based on the difference in imports they receive from Canada and United Kingdom or the difference in the growth in imports.

In 2023, countries that imported more from Canada than United Kingdom included United States ($410B), Mexico ($8.76B), and Japan ($13.4B).

In 2023, countries that imported more from United Kingdom than Canada included Germany ($34.6B), Ireland ($29.1B), and Netherlands ($29.8B).

Difference in imports from United Kingdom (Flag) and Canada (Flag) (2023)

Comparative Advantage Canada - United Kingdom

Flow
Scale

This chart compares trade between Canada and United Kingdom by product, considering products traded by both, Canada and United Kingdom.

During 2023, Canada had a large net trade with United Kingdom in the exports of Precious Metals ($11.6B), Mineral Products ($1.46B), and Transportation ($1.2B).

During 2018, United Kingdom had a large net trade with Canada in the exports of Machines ($1.77B), Transportation ($1.64B), and Mineral Products ($689M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada United Kingdom+$794MCrude Petroleum
Top Product Potential United Kingdom Canada+$310MCars

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2020, Canada exported services to United Kingdom worth $2.91B, with Financial services ($1.33B), Transportation ($672M), and Royalties and license fees ($319M) being the largest in terms of value.

In 2019, United Kingdom exported services to Canada worth $0, with being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Canada (Flag) to United Kingdom (Flag) (2020)

Services Exports from United Kingdom (Flag) to Canada (Flag) (2019)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and United Kingdom. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over United Kingdom. Similarly, a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and United Kingdom (Flag) (2023)

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