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2022
Exports $406MWorld Rnk 11 / 165
Flag Rnk 198 / 1210
2022
Destination $139M United States
2021 - 2022
FASTEST GROWING MARKET $139MUnited States
2022
PRODUCT COMPLEXITY IN Hydrogen0.11Rnk 521 / 1025
2022
Imports $154MWorld Rnk 19 / 213
Flag Rnk 478 / 1213
2022
Origin $24.2M United States
2021 - 2022
FASTEST GROWING ORIGIN $24.2MBrazil
2022
ECONOMIC COMPLEXITY of Canada0.92Rnk 31 / 133

About

Exports In 2022, Canada exported $406M in Hydrogen, making it the 11th largest exporter of Hydrogen in the world. At the same year, Hydrogen was the 198th most exported product in Canada. The main destination of Hydrogen exports from Canada are: United States ($309M), Germany ($61.8M), France ($18.1M), United Arab Emirates ($6.09M), and China ($2.44M).

The fastest growing export markets for Hydrogen of Canada between 2021 and 2022 were United States ($139M), Germany ($37.9M), and France ($17.8M).

Imports In 2022, Canada imported $154M in Hydrogen, becoming the 19th largest importer of Hydrogen in the world. At the same year, Hydrogen was the 478th most imported product in Canada. Canada imports Hydrogen primarily from: United States ($63M), Brazil ($46.3M), China ($14.9M), Laos ($6.83M), and Malaysia ($6.26M).

The fastest growing import markets in Hydrogen for Canada between 2021 and 2022 were Brazil ($24.2M), United States ($6.76M), and Bosnia and Herzegovina ($3.73M).

Latest Trends

June 2024

About

Overview In June 2024 Canada's Hydrogen exports accounted up to C$36.2M and imports accounted up to C$20.6M, resulting in a positive trade balance of C$15.5M. Between June 2023 and June 2024 the exports of Canada's   Hydrogen have decreased by C$-4.67M (-11.4%) from C$40.9M to C$36.2M, while imports increased by C$2.74M (15.3%) from C$17.9M to C$20.6M.

Destinations In June 2024, Hydrogen were exported mostly to United States (C$30.5M), Germany (C$4.14M), China (C$1.06M), Japan (C$120k), and Peru (C$109k), and were imported mostly from United States (C$8.9M), Brazil (C$3.63M), China (C$3.6M), Japan (C$1.54M), and Malaysia (C$1.54M).

Growth In June 2024, the decrease in Hydrogen's year-by-year exports was explained primarily by a decrease in exports to Poland (C$-68.3k or -37.7%), Japan (C$-36k or -36.2%), and France (C$-31.3k or -50.4%). In June 2024, the increase in Hydrogen's year-by-year imports was explained primarily by an increase in imports from Brazil (C$5.23M or 1.78k%), United States (C$378k or 6.66%), and Germany (C$16.7k or 96.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (June 2023 - June 2024)C$-4.67M(-11.4%)
IMPORT GROWTH (June 2023 - June 2024)C$2.74M(15.3%)
MAIN EXPORTER (June 2024)QuebecC$27.1M
MAIN DESTINATION (June 2024)United StatesC$30.5M

This section shows Hydrogen'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 Hydrogen over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$406M
IMPORTS (2022)$154M
NET TRADE (2022)$253M

In 2022, Canada exported $406M in Hydrogen. The main destinations of Canada exports on Hydrogen were United States ($309M), Germany ($61.8M), France ($18.1M), United Arab Emirates ($6.09M), and China ($2.44M).

In 2022, Canada imported $154M in Hydrogen, mainly from United States ($63M), Brazil ($46.3M), China ($14.9M), Laos ($6.83M), and Malaysia ($6.26M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hydrogen EXPORT MARKETS FOR Canada WERE (2021 - 2022):
United States$139M (82%)
Germany$37.9M (159%)
France$17.8M (5.85k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hydrogen BY Canada WERE (2021 - 2022):
Malaysia-$7.43M (-100%)
Netherlands-$2.49M (-99%)
United Kingdom-$1.98M (-77.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Canada's main exporting competitors in Hydrogen were:
China $3.34B
Germany $2.43B
United States $2.35B
In 2022, Canada's main importing competitors in Hydrogen were:
China $3.46B
Japan $1.98B
Germany $1.73B

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Trade Value of Hydrogen by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $33M
TOP IMPORT POTENTIALUnited States+ $26.2M

Hydrogen’s highest export potential is United States. With an export gap of $33M.   Hydrogen’s highest import potential is United States with an import gap of $26.2M.

See methodology.

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