Canada (CAN) and United Kingdom (GBR) Trade

2022

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Exports $14.8BRnk 4 / 215

2022

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About

Canada-United Kingdom Trade: In 2022, Canada exported $14.8B to United Kingdom. The main products that Canada exported to United Kingdom were Gold ($7.53B), Crude Petroleum ($1.02B), and Radioactive Chemicals ($526M). Over the past 5 years the exports of Canada to United Kingdom have increased at an annualized rate of 36.1%, from $3.17B in 2017 to $14.8B in 2022.

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 2022, United Kingdom exported $6.2B to Canada. The main products that United Kingdom exported to Canada were Silver ($1.17B), Refined Petroleum ($571M), and Cars ($553M). Over the past 5 years the exports of United Kingdom to Canada have increased at an annualized rate of 10.7%, from $3.73B in 2017 to $6.2B in 2022.

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

Comparison: In 2022, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Latest Trends

April, 2024

About

Overview In April 2024, Canada exported C$2.24B and imported C$832M from United Kingdom, resulting in a positive trade balance of C$1.41B. Between April 2023 and April 2024 the exports of Canada have increased by C$1.41B (170%) from C$829M to C$2.24B, while imports increased by C$60M (7.77%) from C$772M to C$832M.

Trade In April 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 April 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 including unmanned craft (C$29.1M).

Origins In April 2024 the exports of Canada were mainly from Ontario (C$2.02B), Quebec (C$82M), Newfoundland Labrador (C$66.6M), British Columbia (C$29.2M), and Alberta (C$13.4M), while imports destinations were mainly Quebec (C$310M), Ontario (C$265M), Nova Scotia (C$109M), Alberta (C$47.8M), and British Columbia (C$44.9M).

Growth In April 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 April 2024, the increase in Canada's year-by-year imports from United Kingdom was explained primarily by an increase in product imports in Cars (C$31M or 65.6%), Combustion Engines (C$13.3M or 704%), and Fork-Lifts (C$11.5M or 367%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (April 2023 - April 2024)C$1.41B(170%)

IMPORT GROWTH (April 2023 - April 2024)C$60M(7.77%)

MAIN EXPORTER (April 2024)OntarioC$2.02B

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Canada exported $14.8B to United Kingdom. The main products exported from Canada to United Kingdom were Gold ($7.53B), Crude Petroleum ($1.02B), and Radioactive Chemicals ($526M). During the last 5 years the exports of Canada to United Kingdom have increased at an annualized rate of 36.1%, from $3.17B in 2017 to $14.8B in 2022.

In 2017, United Kingdom exported $6.2B to Canada. The main products exported from United Kingdom to Canada were Silver ($1.17B), Refined Petroleum ($571M), and Cars ($553M). During the last 22 years the exports of United Kingdom to Canada have increased at an annualized rate of 10.7%, from $3.73B in 1995 to $6.2B in 2017.

Exports from Canada () to United Kingdom () (2022)

Exports from United Kingdom () to Canada () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Canada
Top DestinationUnited States$438B

United Kingdom
Top DestinationUnited States$61.8B

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 2022, countries that imported more from Canada than United Kingdom included United States ($438B), Japan ($14.3B), and Mexico ($7.39B).

In 2022, countries that imported more from United Kingdom than Canada included Netherlands ($41.9B), Germany ($40.6B), and Ireland ($32.6B).

Difference in imports from United Kingdom () and Canada () (2022)

Comparative Advantage Canada - United Kingdom

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Canada had a large net trade with United Kingdom in the exports of Precious Metals ($7.57B), Mineral Products ($1.38B), and Chemical Products ($822M).

During 2017, United Kingdom had a large net trade with Canada in the exports of Transportation ($1.41B), Machines ($1.24B), and Precious Metals ($1.23B).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

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

Gbr Year

Can Year

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 () to United Kingdom () (2020)

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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 () and United Kingdom () (2022)

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