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2716 (Harmonized System 1992 for 4-digit)

2022
World Trade $131BRnk 23 / 1218
2022
Top Exporter | Top Importer $18B | $14.6BGermany | France
2022
Product Complexity -0.5Rnk 707 / 1033
2021 - 2022
Export Growth (CAGR) 84.6%Rnk 11 / 1218
2022
Share of World Trade 0.55%Rnk 23 / 1218

About

Overview This page contains the latest trade data of Electricity. In 2022, Electricity were the world's 23rd most traded product, with a total trade of $131B. Between 2021 and 2022 the exports of Electricity grew by 84.6%, from $71.1B to $131B. Trade in Electricity represent 0.55% of total world trade.

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

Exports In 2022 the top exporters of Electricity  were Germany ($18B), France ($11.1B), Switzerland ($9.26B), Spain ($6.75B), and Belgium ($6.35B).

Imports In 2022 the top importers of Electricity were France ($14.6B), Germany ($12.9B), Italy ($11.9B), Switzerland ($8.62B), and Austria ($5.67B).

Ranking Electricity ranks 707th in the Product Complexity Index (PCI).

Description -

Latest Trends

Latest Data

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Flow
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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 (2022)Germany$18B
Top Destination (2022)France$14.6B

In 2022 Electricity were the world's 23rd most traded product (out of 1,218).

In 2022, the top exporters of Electricity were Germany ($18B), France ($11.1B), Switzerland ($9.26B), Spain ($6.75B), and Belgium ($6.35B).

In 2022, the top importers of Electricity were France ($14.6B), Germany ($12.9B), Italy ($11.9B), Switzerland ($8.62B), and Austria ($5.67B).

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Exporters of Electricity (2022)
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Importers of Electricity (2022)
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Market Dynamics

Color
Top Origin Growth (2021 -  2022)Germany$8.16B
Top Destination Growth (2021 -  2022)France$10.4B

Between 2021 and 2022, the exports of Electricity grew the fastest in Germany ($8.16B), Switzerland ($6.09B), United Kingdom ($4B), Spain ($3.9B), and Belgium ($3.42B).

Between 2021 and 2022, the fastest growing importers of Electricity were France ($10.4B), Germany ($6.84B), Italy ($4.54B), Switzerland ($4.53B), and Austria ($3.55B).

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Exporters of Electricity (2021 - 2022)

Importers of Electricity (2021 - 2022)

Market Concentration

Value

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

In 2022, market concentration measured using Shannon Entropy, was 4.9. This means that most of the exports of Electricity are explained by 29 countries.

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Value of Exports in Electricity

Net Trade

TOP NET EXPORTER (2022)Germany$5.11B
TOP NET IMPORTER (2022)Italy$10.1B

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 2022.

In 2022, the countries that had a largest trade value in exports than in imports of Electricity were Germany ($5.11B), Sweden ($4.86B), Spain ($4.71B), Canada ($3.69B), and Norway ($2.94B).

In 2022, the countries that had a largest trade value in imports than in exports of Electricity were Italy ($10.1B), France ($3.56B), United States ($3.56B), Hungary ($2.24B), and Portugal ($1.88B).

Net Trade (2022)

Country Comparison

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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 (2022)

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 (2022)

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