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Pricing

2022
Flag → Flag
Exports $7.02BRnk 18 / 224
2022
Flag → Flag
Top Product $1.17BSilver
2022
Flag → Flag
Exports $12.9BRnk 4 / 215
2022
Flag → Flag
Top Product $7.53BGold
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

United Kingdom-Canada Trade: In 2022, United Kingdom exported $7.02B to Canada. The main products that United Kingdom exported to Canada were Silver ($1.17B), Refined Petroleum ($571M), and Cars ($553M). Over the past 5 years the exports of United Kingdom to Canada have increased at an annualized rate of 2.5%, from $6.2B in 2017 to $7.02B in 2022.

In 2019, United Kingdom exported services to Canada worth $0, with being the largest in terms of value.

Canada-United Kingdom Trade: In 2022, Canada exported $12.9B to United Kingdom. The main products that Canada exported to United Kingdom were Gold ($7.53B), Crude Petroleum ($1.02B), and Radioactive Chemicals ($526M). Over the past 5 years the exports of Canada to United Kingdom have decreased at an annualized rate of 2.67%,  from $14.8B in 2017 to $12.9B in 2022.

In 2020, Canada exported services to United Kingdom worth $2.91B, with Financial services ($1.33B), Transportation ($672M), and Royalties and license fees ($319M) being the largest in terms of value.

Comparison: In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Latest Trends

August, 2024

About

Overview In August 2024, United Kingdom exported £512M and imported £2.01B from Canada, resulting in a negative trade balance of £1.5B. Between August 2023 and August 2024 the exports of United Kingdom have increased by £132M (34.6%) from £381M to £512M, while imports increased by £1.22B (153%) from £796M to £2.01B.

Trade In August 2024, the top exports of United Kingdom to Canada were Commodities not elsewhere specified (£165M), Gold (£93.5M), Planes, Helicopters, and/or Spacecraft (£62.1M), Gas Turbines (£34.6M), and Cars (£31.2M). In August 2024 the top imports of United Kingdom from Canada were Gold (£681M), Crude Petroleum (£163M), Commodities not elsewhere specified (£128M), Fuel Wood (£26.6M), and Gas Turbines (£25.3M).

Origins In August 2024 the exports of United Kingdom were mainly from London Heathrow Airport (£247M), Liverpool (£86.2M), Immingham (£61.8M), Southampton (£20.3M), and London Stansted Airport (£18.6M), while imports destinations were mainly London Heathrow Airport (£1.69B), Liverpool (£134M), Southampton (£84.9M), London Stansted Airport (£28.4M), and London (£13.8M).

Growth In August 2024, the increase in United Kingdom's year-by-year exports to Canada was explained primarily by an increase in product exports in Commodities not elsewhere specified (£163M or 8.43k%), Gold (£90.7M or 3.3k%), and Cars (£14.2M or 83.5%). In August 2024, the increase in United Kingdom's year-by-year imports  from Canada was explained primarily by an increase in product imports  in Commodities not elsewhere specified (£119M or 1.36k%), Crude Petroleum (£80.6M or 97.9%), and Gold (£62.6M or 10.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)£132M(34.6%)
IMPORT GROWTH (August 2023 - August 2024)£1.22B(153%)
MAIN EXPORTER (August 2024)London Heathrow Airport£247M

This section shows 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 product to explore the exports or imports behavior of United Kingdom over time.

To check Canada and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Canada and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $7.02B to Canada. The main products exported from United Kingdom to Canada were Silver ($1.17B), Refined Petroleum ($571M), and Cars ($553M). During the last 5 years the exports of United Kingdom to Canada have increased at an annualized rate of 2.5%, from $6.2B in 2017 to $7.02B in 2022.

In 2017, Canada exported $12.9B to United Kingdom. The main products exported from Canada to United Kingdom were Gold ($7.53B), Crude Petroleum ($1.02B), and Radioactive Chemicals ($526M). During the last 5 years the exports of Canada to United Kingdom have decreased at an annualized rate of 2.67%, from $14.8B in 2022 to $12.9B in 2017.

Exports from United Kingdom (Flag) to Canada (Flag) (2022)

Exports from Canada (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Canada
Top DestinationUnited States$438B

This map shows whether countries import more from United Kingdom or Canada. Each country is colored based on the difference in imports they receive from United Kingdom and Canada or the difference in the growth in imports.

In 2022, countries that imported more from United Kingdom than Canada included Netherlands ($41.9B), Germany ($40.6B), and Ireland ($32.6B).

In 2022, countries that imported more from Canada than United Kingdom included United States ($438B), Japan ($14.3B), and Mexico ($7.39B).

Difference in imports from Canada (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Canada

Flow
Scale

This chart compares trade between United Kingdom and Canada by product, considering products traded by both, United Kingdom and Canada.

During 2022, United Kingdom had a large net trade with Canada in the exports of Transportation ($1.41B), Machines ($1.24B), and Precious Metals ($1.23B).

During 2017, Canada had a large net trade with United Kingdom in the exports of Precious Metals ($7.57B), Mineral Products ($1.38B), and Chemical Products ($822M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential United Kingdom Canada+$310MCars
Top Product Potential Canada United Kingdom+$794MCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Bilateral Service Trade

In 2019, United Kingdom exported services to Canada worth $0, with being the largest in terms of value.

In 2020, Canada exported services to United Kingdom worth $2.91B, with Financial services ($1.33B), Transportation ($672M), and Royalties and license fees ($319M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from United Kingdom (Flag) to Canada (Flag) (2019)

Services Exports from Canada (Flag) to United Kingdom (Flag) (2020)

Service Trade

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United Kingdom and Canada. This means that a dot/product with the flag of United Kingdom indicates it has a comparative advantage over Canada. Similarly, a dot/product with the flag of Canada indicates it has a comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Canada (Flag) (2022)

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