United Kingdom (GBR) and Canada (CAN) Trade

2023

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Exports $6.71BRnk 17 / 223

2023

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About

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.

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.

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

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £476M and imported £1.56B from Canada, resulting in a negative trade balance of £1.09B. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-149M (-23.8%) from £624M to £476M, while imports increased by £796M (104%) from £768M to £1.56B.

Trade In November 2024, the top exports of United Kingdom to Canada were Commodities not elsewhere specified (£165M), Gold (£93.5M), Planes, Helicopters, and/or Spacecraft (£62.1M), Gas Turbines (£34.6M), and Cars (£31.2M). In November 2024 the top imports of United Kingdom from Canada were Gold (£681M), Crude Petroleum (£163M), Commodities not elsewhere specified (£128M), Fuel Wood (£26.6M), and Gas Turbines (£25.3M).

Origins In November 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£109M), Liverpool (£97.2M), Southampton (£83.3M), Middlesbrough (£48.2M), and Belfast (£26.9M), while imports destinations were mainly London Heathrow Airport (£1.23B), Liverpool (£144M), London Luton Airport (£56.4M), Southampton (£37.8M), and London Stansted Airport (£24.2M).

Growth In November 2024, the decrease in United Kingdom's year-by-year exports to Canada was explained primarily by an decrease in product exports in Planes, Helicopters, and/or Spacecraft (£-35.9M or -36.6%), Silver (£-9.66M or -46.6%), and Refined Petroleum (£-9.29M or -99.4%). In November 2024, the increase in United Kingdom's year-by-year imports from Canada was explained primarily by an increase in product imports in Commodities not elsewhere specified (£119M or 1.36k%), Crude Petroleum (£80.6M or 97.9%), and Gold (£62.6M or 10.1%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (November 2023 - November 2024)£-149M(-23.8%)

IMPORT GROWTH (November 2023 - November 2024)£796M(104%)

MAIN EXPORTER (November 2024)London Heathrow Airport£109M

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

To check Canada and United Kingdom 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 2023, 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 2018 to $6.71B in 2023.

In 2018, 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 2023 to $18B in 2018.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United Kingdom
Top DestinationUnited States$59.7B

Canada
Top DestinationUnited States$410B

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

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

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

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

Comparative Advantage United Kingdom - Canada

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, United Kingdom had a large net trade with Canada in the exports of Machines ($1.77B), Transportation ($1.64B), and Mineral Products ($689M).

During 2018, 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).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential United Kingdom Canada+$310MCars

Top Product Potential Canada United Kingdom+$794MCrude Petroleum

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

Can Year

Gbr Year

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

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.

Service trade data is presented based on availability.

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

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

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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

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