Flag Canada / United Kingdom Flag

Exports Flag β†’ Flag  (2018): $12.9B, Rnk 3 / 212

Top Product Flag β†’ Flag (2018): $8.14B, Gold

Exports Flag β†’ Flag (2018): $7.2B, Rnk 17 / 217

Top Product Flag β†’ Flag (2018): $901M, Packaged Medicaments

Economic Complexity of Flag (2018): ECI 0.98, Rnk 25 / 137

Economic Complexity of Flag (2018): ECI 1.49, Rnk 13 / 137

GDP Flag (2018): $1.71T, CURRENT US$
Rnk 10 / 196

GDP GROWTH Flag (2008-2018): 10.6%, CURRENT US$
Rnk 141 / 196

GDP Flag (2018): $2.86T, CURRENT US$
Rnk 5 / 196

GDP GROWTH Flag (2008-2018): -2.31%, CURRENT US$
Rnk 171 / 196

GDP PC Flag (2018): $46,233, CURRENT US$
Rnk 20 / 196

GDP PC GROWTH Flag (2008-2018): -0.78%, CURRENT US$
Rnk 149 / 196

GDP PC Flag (2018): $42,944, CURRENT US$
Rnk 22 / 196

GDP PC GROWTH Flag (2008-2018): -9.18%, CURRENT US$
Rnk 168 / 196

Canada-United Kingdom: In 2018, Canada exported $12.9B to United Kingdom. The main products exported from Canada to United Kingdom were Gold ($8.14B), Crude Petroleum ($837M), and Nickel Mattes ($374M). During the last 23 years the exports of Canada to United Kingdom have increased at an annualized rate of 5.95%, from $3.41B in 1995 to $12.9B in 2018. In 2018, Canada exported services to United Kingdom worth $1.78B, with Transportation ($1.04B) and Travel ($745M) being the largest in terms of value.

United Kingdom-Canada: In 2018, United Kingdom exported $7.2B to Canada. The main products exported from United Kingdom to Canada were Packaged Medicaments ($901M), Cars ($867M), and Aircraft Parts ($760M). During the last 23 years the exports of United Kingdom to Canada have increased at an annualized rate of 2.95%, from $3.69B in 1995 to $7.2B in 2018. In 2017, United Kingdom exported services to Canada worth $5.19B, with Travel ($1.38B), Other business services ($1.11B), and Financial services ($886M) being the largest in terms of value.

Comparison: In 2018, Canada ranked 25 in the Economic Complexity Index (ECI 0.98), and 12 in total exports ($431B). That same year, United Kingdom ranked 13 in the Economic Complexity Index (ECI 1.49), and 9 in total exports ($464B). In terms of GDP Per Capita, Canada was ranked 20 with a GDP Per Capita of $46,233, and United Kingdom was ranked 22 with a GDP Per Capita of $42,944.

Bilateral Trade by Products

#permalink to section
Depth
Value

In 2018, Canada exported $12.9B to United Kingdom. The main products exported from Canada to United Kingdom were Gold ($8.14B), Crude Petroleum ($837M), and Nickel Mattes ($374M). During the last 23 years the exports of Canada to United Kingdom have increased at an annualized rate of 5.95%, from $3.41B in 1995 to $12.9B in 2018.

In 2018, United Kingdom exported $7.2B to Canada. The main products exported from United Kingdom to Canada were Packaged Medicaments ($901M), Cars ($867M), and Aircraft Parts ($760M). During the last 23 years the exports of United Kingdom to Canada have increased at an annualized rate of 2.95%, from $3.69B in 1995 to $7.2B in 2018.

Market Competitiveness

#permalink to section
Measure

Canada
Top Destination
: United States, $314B

United Kingdom
Top Destination
: United States, $61.9B

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 2018, countries that imported more from Canada than United Kingdom were United States ($314B), Mexico ($6.99B), and Japan ($10.2B).

In 2018, countries that imported more from United Kingdom than Canada were Germany ($45.5B), Netherlands ($33.3B), and France ($29.7B).

Comparative Advantage Canada - United Kingdom

#permalink to section
Depth

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

During 2018, Canada had a large net trade with United Kingdom in the exports of Precious Metals ($8.34B), Mineral Products ($1.21B), and Machines ($812M).

During 2018, United Kingdom had a large net trade with Canada in the exports of Transportation ($1.92B), Machines ($1.63B), and Chemical Products ($1.38B).

Tariff Section

#permalink to section

In 2018, Canada and United Kingdom don't have data regarding the tariffs applied to the products exported, given a no tariff policy, or don't having any tariff history reported whatsoever.

To explore the different product levels and year available with data, visit our Tariff Explorer Section.

Explore Tariff Data

Trade Forecasts

#permalink to section

This section shows a forecast for total trade between Canada and United Kingdom. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

Bilateral Service Trade

#permalink to section

In 2018, Canada exported services to United Kingdom worth $1.78B, with Transportation ($1.04B) and Travel ($745M) being the largest in terms of value.

In 2017, United Kingdom exported services to Canada worth $5.19B, with Travel ($1.38B), Other business services ($1.11B), and Financial services ($886M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

#permalink to section

Competitive Landscape

#permalink to section

This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Canada has comparative advantage over United Kingdom. Similarly, the more red a dot/product is, the more United Kingdom has comparative advantage over Canada.