Electricity in United Kingdom | The Observatory of Economic Complexity

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Exports In 2022, United Kingdom exported $4.75B in Electricity, making it the 10th largest exporter of Electricity in the world. At the same year, Electricity was the 14th most exported product in United Kingdom. The main destination of Electricity exports from United Kingdom are: France ($3.05B), Belgium ($608M), Netherlands ($491M), Norway ($457M), and Ireland ($132M).

The fastest growing export markets for Electricity of United Kingdom between 2021 and 2022 were France ($2.7B), Belgium ($578M), and Netherlands ($476M).

Imports In 2022, United Kingdom imported $3.89B in Electricity, becoming the 10th largest importer of Electricity in the world. At the same year, Electricity was the 22nd most imported product in United Kingdom. United Kingdom imports Electricity primarily from: Norway ($980M), Netherlands ($916M), France ($865M), Belgium ($810M), and Ireland ($317M).

The fastest growing import markets in Electricity for United Kingdom between 2021 and 2022 were Norway ($755M), Netherlands ($250M), and Ireland ($166M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Electricity from United Kingdom to the United States.

Latest Trends

January 2024

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Overview In January 2024 United Kingdom's Electricity exports accounted up to £56.8M and imports accounted up to £206M, resulting in a negative trade balance of £150M. Between January 2023 and January 2024 the exports of United Kingdom's Electricity have decreased by £-38M (-40.1%) from £94.8M to £56.8M, while imports decreased by £-163M (-44.1%) from £369M to £206M.

Destinations In January 2024, Electricity were exported mostly to France (£18.3M), Ireland (£14.3M), Belgium (£7.42M), Netherlands (£7.15M), and Denmark (£5.43M), and were imported mostly from France (£83.9M), Norway (£42M), Denmark (£29.6M), Netherlands (£25.3M), and Belgium (£23.7M).

Growth In January 2024, the decrease in Electricity's year-by-year exports was explained primarily by a decrease in exports to France (£-20.7M or -25.6%), Netherlands (£-2.57M or -30.4%), and Belgium (£-739k or -8.69%). In January 2024, the decrease in Electricity's year-by-year imports was explained primarily by a decrease in imports from Belgium (£-45.8M or -47.6%), Netherlands (£-22.4M or -24.5%), and Ireland (£-18.8M or -71.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)£-38M(-40.1%)

IMPORT GROWTH (January 2023 - January 2024)£-163M(-44.1%)

MAIN EXPORTER (January 2024)

MAIN DESTINATION (January 2024)France£18.3M

This section shows Electricity's 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 destination or origin country to explore the exports or imports behavior of Electricity over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$4.75B

IMPORTS (2022)$3.89B

NET TRADE (2022)$856M

In 2022, United Kingdom exported $4.75B in Electricity. The main destinations of United Kingdom exports on Electricity were France ($3.05B), Belgium ($608M), Netherlands ($491M), Norway ($457M), and Ireland ($132M).

In 2022, United Kingdom imported $3.89B in Electricity, mainly from Norway ($980M), Netherlands ($916M), France ($865M), Belgium ($810M), and Ireland ($317M).

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