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2716 (Harmonized System 1992 for 4-digit)

2023
World Trade $75.6BRnk 46 / 1217
2023
Top Exporter | Top Importer $9.94B | $7.52BFrance | Germany
2023
Product Complexity -0.54Rnk 732 / 1044
2022 - 2023
Export Growth (CAGR) -45.6%Rnk 1200 / 1217
2023
Share of World Trade 0.33%Rnk 46 / 1217

About

Overview This page contains the latest trade data of Electricity. In 2023, Electricity were the world's 46th most traded product, with a total trade of $75.6B. Between 2022 and 2023 the exports of Electricity decreased by -45.6%, from $139B to $75.6B. Trade in Electricity represent 0.33% of total world trade.

Electricity are a part of Mineral fuels, mineral oils and products of their distillation. They include Electrical energy.

Exports In 2023 the top exporters of Electricity  were France ($9.94B), Germany ($6.02B), Switzerland ($4.6B), Canada ($3.4B), and Austria ($3.12B).

Imports In 2023 the top importers of Electricity were Germany ($7.52B), Italy ($7.21B), Switzerland ($4.21B), United Kingdom ($3.87B), and United States ($3.61B).

Ranking Electricity ranks 732nd in the Product Complexity Index (PCI).

Latest Trends

Latest Data

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Flow
Y-AXIS SCALE

The following visualization shows the latest trends on Electricity. Countries are shown based on data availability.

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

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* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Historical Data

Exporters and Importers

Top Origin (2023)France$9.94B
Top Destination (2023)Germany$7.52B

In 2023 Electricity were the world's 46th most traded product (out of 1,217).

In 2023, the top exporters of Electricity were France ($9.94B), Germany ($6.02B), Switzerland ($4.6B), Canada ($3.4B), and Austria ($3.12B).

In 2023, the top importers of Electricity were Germany ($7.52B), Italy ($7.21B), Switzerland ($4.21B), United Kingdom ($3.87B), and United States ($3.61B).

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Exporters of Electricity (2023)
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Importers of Electricity (2023)
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Market Dynamics

Color
Top Origin Growth (2022 -  2023)India$847M
Top Destination Growth (2022 -  2023)Bulgaria$898M

Between 2022 and 2023, the exports of Electricity grew the fastest in India ($847M), United States ($271M), Colombia ($245M), Brazil ($241M), and Azerbaijan ($183M).

Between 2022 and 2023, the fastest growing importers of Electricity were Bulgaria ($898M), Bangladesh ($887M), Canada ($452M), Greece ($345M), and Turkey ($284M).

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Exporters of Electricity (2022 - 2023)

Importers of Electricity (2022 - 2023)

Market Concentration

Value

This chart shows the evolution of the market concentration of exports of Electricity.

In 2023, market concentration measured using Shannon Entropy, was 5.12. This means that most of the exports of Electricity are explained by 34 countries.

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Value of Exports in Electricity

Net Trade

TOP NET EXPORTER (2023)France$6.89B
TOP NET IMPORTER (2023)Italy$6.67B

This map shows which countries export or import more of Electricity. Each country is colored based on the difference in exports and imports of Electricity during 2023.

In 2023, the countries that had a largest trade value in exports than in imports of Electricity were France ($6.89B), Sweden ($2.47B), Canada ($2.21B), Norway ($2.07B), and Laos ($2.04B).

In 2023, the countries that had a largest trade value in imports than in exports of Electricity were Italy ($6.67B), United Kingdom ($2.86B), United States ($2.34B), Hungary ($2.22B), and Thailand ($1.79B).

Net Trade (2023)

Country Comparison

Flow
Measure
Ranking

This visualization shows the countries that have an important ratio of their trade related to Electricity.
It is possible to select the main countries that export or import Electricity in the world, or by continent, as well as select the measure of interest.

Top 10 Exporters Countries of Electricity by percentage of total exports

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALGermany+ $459M
TOP IMPORT POTENTIALItaly+ $61.8M

Electricity’s highest export potential is Germany. With an export gap of $459M.  Electricity’s highest import potential is Italy with an import gap of $61.8M.

See methodology.

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Product Complexity

Diversification Frontier

Specialization

The Complexity-Relatedness diagram compares the risk and the strategic value of a product's potential export opportunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth potential, lower income inequality, and lower emissions.

Relatedness vs Country Complexity (2023)

Related Products

This visualization shows products that are likely to be exported by countries that export Electricity.

Country by Relatedness

The following visualization shows the relatedness of Electricity to countries. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relative Relatedness by Country (2023)

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