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2022
Exports $4.75BWorld Rnk 10 / 98
Flag Rnk 14 / 1216
2022
Destination $2.7B France
2021 - 2022
FASTEST GROWING MARKET $2.7BFrance
2022
PRODUCT COMPLEXITY IN Electricity-0.67Rnk 750 / 1025
2022
Imports $3.89BWorld Rnk 10 / 128
Flag Rnk 22 / 1214
2022
Origin $755M Norway
2021 - 2022
FASTEST GROWING ORIGIN $755MNorway
2022
ECONOMIC COMPLEXITY of United Kingdom1.42Rnk 12 / 133

About

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 Amazon (2) were at the forefront of shipping Electricity from United Kingdom to the United States.

Latest Trends

August 2024

About

Overview In August 2024 United Kingdom's Electricity exports accounted up to £60.4M and imports accounted up to £187M, resulting in a negative trade balance of £127M. Between August 2023 and August 2024 the exports of United Kingdom's   Electricity have decreased by £-14.1M (-18.9%) from £74.5M to £60.4M, while imports decreased by £-16.4M (-8.04%) from £204M to £187M.

Destinations In August 2024, Electricity were exported mostly to Ireland (£16.4M), Netherlands (£15.9M), Belgium (£12.8M), Denmark (£9.11M), and France (£4.83M), and were imported mostly from France (£102M), Norway (£49.7M), Belgium (£17.1M), Denmark (£8.56M), and Netherlands (£6.13M).

Growth In August 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 August 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
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)£-14.1M(-18.9%)
IMPORT GROWTH (August 2023 - August 2024)£-16.4M(-8.04%)
MAIN EXPORTER (August 2024)
MAIN DESTINATION (August 2024)Ireland£16.4M

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
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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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electricity EXPORT MARKETS FOR United Kingdom WERE (2021 - 2022):
France$2.7B (775%)
Belgium$578M (1.92k%)
Netherlands$476M (3.01k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY United Kingdom WERE (2021 - 2022):
Ireland-$212M (-61.7%)
Czechia-$1.21M (-100%)
Canada-$4.01k (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, United Kingdom's main exporting competitors in Electricity were:
Germany $18B
France $11.1B
Switzerland $9.26B
In 2022, United Kingdom's main importing competitors in Electricity were:
France $14.6B
Germany $12.9B
Italy $11.9B

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Trade Value of Electricity by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $19.8M
TOP IMPORT POTENTIALFrance+ $135M

Electricity’s highest export potential is Netherlands. With an export gap of $19.8M.   Electricity’s highest import potential is France with an import gap of $135M.

See methodology.

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