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2023
Exports $3.4BWorld Rnk 4 / 102
Flag Rnk 24 / 1212
falsefalse United States
2022 - 2023
FASTEST GROWING MARKETfalsefalse
2023
PRODUCT COMPLEXITY IN Electricity-0.74Rnk 770 / 1025
2023
Imports $1.19BWorld Rnk 22 / 126
Flag Rnk 92 / 1211
2022 - 2023
FASTEST GROWING ORIGINfalseUnited States
2023
ECONOMIC COMPLEXITY of Canada0.9Rnk 30 / 132

About

Exports In 2023, Canada exported $3.4B in Electricity, making it the 4th largest exporter of Electricity in the world. At the same year, Electricity was the 24th most exported product in Canada. The main destination of Electricity exports from Canada are: United States ($3.4B).

Imports In 2023, Canada imported $1.19B in Electricity, becoming the 22nd largest importer of Electricity in the world. At the same year, Electricity was the 92nd most imported product in Canada. Canada imports Electricity primarily from: United States ($1.19B), China ($14.5k), Netherlands ($1.42k), Mexico ($470), and Philippines ($306).

The fastest growing import markets in Electricity for Canada between 2022 and 2023 were United States ($452M), China ($14.5k), and Netherlands ($1.09k).

Latest Trends

November 2024

About

Overview In November 2024 Canada's Electricity exports accounted up to C$162M and imports accounted up to C$33.2M, resulting in a positive trade balance of C$129M. Between November 2023 and November 2024 the exports of Canada's   Electricity have decreased by C$-27.1M (-14.3%) from C$189M to C$162M, while imports decreased by C$-27.4M (-45.2%) from C$60.6M to C$33.2M.

Destinations In November 2024, Electricity were exported mostly to United States (C$162M), and were imported mostly from United States (C$33.2M) and China (C$111).

Growth In November 2024, the decrease in Electricity's year-by-year exports was explained primarily by a decrease in exports to . In November 2024, the decrease in Electricity's year-by-year imports was explained primarily by a decrease in imports from .

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)C$-27.1M(-14.3%)
IMPORT GROWTH (November 2023 - November 2024)C$-27.4M(-45.2%)
MAIN EXPORTER (November 2024)British ColumbiaC$218M
MAIN DESTINATION (November 2024)United StatesC$162M

This section shows Electricity's exports and imports data at subnational level for Canada. 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
EXPORTS (2023)$3.4B
IMPORTS (2023)$1.19B
NET TRADE (2023)$2.21B

In 2023, Canada exported $3.4B in Electricity. The main destinations of Canada exports on Electricity were United States ($3.4B).

In 2023, Canada imported $1.19B in Electricity, mainly from United States ($1.19B), China ($14.5k), Netherlands ($1.42k), Mexico ($470), and Philippines ($306).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY Canada WERE (2022 - 2023):
United States-$879M (-20.5%)
Mexico-$589k (-100%)
Finland-$1.88k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Canada's main exporting competitors in Electricity were:
France $9.94B
Germany $6.02B
Switzerland $4.6B
In 2023, Canada's main importing competitors in Electricity were:
Germany $7.52B
Italy $7.21B
Switzerland $4.21B

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Trade Value of Electricity by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $2.12M
TOP IMPORT POTENTIALThailand+ $102k

Electricity’s highest export potential is Mexico. With an export gap of $2.12M.   Electricity’s highest import potential is Thailand with an import gap of $102k.

See methodology.

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