Overall, the value of electrical energy exports increased by an average 113.8% for all exporting countries since 2019 when electricity exports were worth $33.1 billion.
Year over year, the value of globally exported electricity shrank by -40.3% compared to $118.6 billion for 2022.
The world’s 5 biggest electricity exporters are European suppliers France, Germany, Switzerland, Austria and Spain. Collectively, that cohort of major electricity suppliers furnished 37.7% of globally exported electricity during 2023.
Among continents, exporters in Europe sold the highest dollar worth of electricity during 2023 with shipments valued at $54.4 billion or 76.9% of the world total.
In second place were electricity exporters in Asia at 9.4%. Another 6.6% originated from North America, ahead of international suppliers in Latin America (3.6%) excluding Mexico but including the Caribbean, and Africa (3.4%).
For research purposes, the 4-digit Harmonized Tariff System code prefix for electrical energy is 2716. Note that electricity is classified under the catch-all mineral fuels-related products category (prefixed with 27).
Electricity Exports by Country
Below are the 15 countries that exported the highest dollar value worth of electricity during 2023.
- France: US$7.3 billion (10.4% of total electricity exports)
- Germany: $6.5 billion (9.1%)
- Switzerland: $5.2 billion (7.4%)
- Austria: $4.5 billion (6.3%)
- Spain: $3.2 billion (4.5%)
- Canada: $3.2 billion (4.5%)
- Poland: $2.84 billion (4%)
- Norway: $2.59 billion (3.7%)
- Czech Republic: $2.27 billion (3.2%)
- Laos: $2.2 billion (3.1%)
- Sweden: $2.1 billion (3%)
- Belgium: $2 billion (2.8%)
- Slovakia: $1.8 billion (2.6%)
- mainland China: $1.7 billion (2.4%)
- Hungary: $1.6 billion (2.2%)
By value, the listed 15 countries shipped over two-thirds (69.1%) of global electricity exported in 2023.
Among the top exporters, the lone electricity exporter that grew since 2022 was mainland China via an 8.8% gain.
Those countries that posted the severest declines in their exported electricity sales were: Belgium (down -67.5% from 2022), Germany (down -65.3%), Czech Republic (down -55.3%), Sweden (down -55.1%) and Spain (down -54.3%).
Searchable List of Electricity Exporting Countries in 2023
Below, you will find an automated database highlighting all exporters of electricity on global markets.
| Rank | Exporter | Electricity Exports | 2022-3 |
|---|---|---|---|
| 1. | France | $7,336,616,000 | -18.7% |
| 2. | Germany | $6,469,790,000 | -65.3% |
| 3. | Switzerland | $5,208,360,000 | -47.3% |
| 4. | Austria | $4,461,731,000 | -6% |
| 5. | Spain | $3,167,479,000 | -54.3% |
| 6. | Canada | $3,154,589,000 | -28.9% |
| 7. | Poland | $2,841,812,000 | -19.4% |
| 8. | Norway | $2,590,314,000 | -44.6% |
| 9. | Czech Republic | $2,273,682,000 | -55.3% |
| 10. | Laos | $2,158,688,000 | -9.3% |
| 11. | Sweden | $2,132,020,000 | -55.1% |
| 12. | Belgium | $1,975,640,000 | -67.5% |
| 13. | Slovakia | $1,824,116,000 | -24.9% |
| 14. | mainland China | $1,716,292,000 | +8.8% |
| 15. | Hungary | $1,584,920,000 | -52.3% |
| 16. | Paraguay | $1,549,104,000 | -6.8% |
| 17. | India | $1,494,169,000 | +130.7% |
| 18. | Denmark | $1,367,745,000 | -58.4% |
| 19. | Serbia | $1,365,293,000 | +251.6% |
| 20. | Romania | $1,334,919,000 | -28.1% |
| 21. | United States | $1,186,501,000 | +68.7% |
| 22. | Slovenia | $1,018,330,000 | -34% |
| 23. | United Kingdom | $859,626,000 | -79.9% |
| 24. | Croatia | $838,129,000 | -43.5% |
| 25. | Greece | $759,245,000 | +25.4% |
| 26. | Mozambique | $658,248,000 | +64.8% |
| 27. | Italy | $650,020,000 | -67.5% |
| 28. | South Africa | $610,549,000 | -9.8% |
| 29. | Bosnia/Herzegovina | $583,835,000 | -0.8% |
| 30. | Bulgaria | $557,929,000 | -44.7% |
| 31. | Brazil | $554,428,000 | +61.2% |
| 32. | Russia | $509,096,000 | -56% |
| 33. | Estonia | $467,655,000 | -64.9% |
| 34. | Finland | $423,677,000 | -55.2% |
| 35. | Azerbaijan | $402,483,000 | +231% |
| 36. | Zambia | $401,228,000 | +33.2% |
| 37. | Mexico | $333,499,000 | +32.4% |
| 38. | Latvia | $325,164,000 | -54.2% |
| 39. | Portugal | $312,906,000 | -35% |
| 40. | North Macedonia | $254,388,000 | +18.5% |
| 41. | Colombia | $244,197,000 | +1611% |
| 42. | Lithuania | $243,483,000 | -52.6% |
| 43. | Montenegro | $223,758,000 | +25% |
| 44. | Albania | $223,202,000 | +2537% |
| 45. | Algeria | $223,117,000 | +17.6% |
| 46. | Türkiye | $207,396,000 | -29.3% |
| 47. | Ivory Coast | $171,974,000 | +93% |
| 48. | Thailand | $170,960,000 | +7.1% |
| 49. | Nigeria | $150,039,000 | -4.2% |
| 50. | Egypt | $116,182,000 | +3.4% |
| 51. | Ukraine | $99,348,000 | -83.1% |
| 52. | Tajikistan | $96,364,000 | -9.8% |
| 53. | Georgia | $80,140,000 | -14% |
| 54. | El Salvador | $74,636,000 | +86.8% |
| 55. | Armenia | $70,269,000 | -20.9% |
| 56. | Guatemala | $63,940,000 | -42% |
| 57. | Malaysia | $60,364,000 | +2.4% |
| 58. | Kazakhstan | $60,167,000 | +49.3% |
| 59. | Ireland | $58,140,000 | -80.2% |
| 60. | Vietnam | $53,265,000 | -62.2% |
| 61. | Uganda | $46,566,000 | +16.9% |
| 62. | Moldova | $45,723,000 | +108.5% |
| 63. | Ecuador | $35,857,000 | +453.4% |
| 64. | Morocco | $35,805,000 | -33.4% |
| 65. | Myanmar | $27,600,000 | -42.2% |
| 66. | Jordan | $23,062,000 | -3.3% |
| 67. | North Korea | $22,265,000 | +9.2% |
| 68. | Zimbabwe | $21,657,000 | -13.9% |
| 69. | Uruguay | $20,912,000 | -87.2% |
| 70. | Luxembourg | $16,705,000 | -45.7% |
| 71. | Chile | $16,566,000 | 0% |
| 72. | Iran | $15,256,000 | 0% |
| 73. | Uzbekistan | $9,318,000 | -93.3% |
| 74. | Bolivia | $5,558,000 | 0% |
| 75. | Malta | $4,016,000 | +212.3% |
| 76. | Kenya | $3,503,000 | +60.7% |
| 77. | Jamaica | $2,043,000 | -12% |
| 78. | Peru | $1,444,000 | -16.7% |
| 79. | Togo | $687,000 | -6% |
| 80. | Rwanda | $625,000 | 0% |
| 81. | Mongolia | $518,000 | +56.5% |
| 82. | Singapore | $468,000 | -28.9% |
| 83. | Gabon | $118,000 | 0% |
| 84. | Botswana | $2,000 | -33.3% |
| 85. | South Korea | $2,000 | 0% |
The world’s fastest growers among international electricity suppliers are Albania (up 2,537% from 2022), Colombia (up 1,611%), Ecuador (up 453.4%), Serbia (up 251.6%) then Azerbaijan (up 231%).
You can change the presentation order by clicking the triangle icon at the top of the columns. An entry of 0% in the right-most column means that no 2022 data was available.
Countries Earning Largest Trade Surpluses from Electricity
The following countries posted the highest positive net exports for electricity during 2023. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the surplus between the value of each country’s exported electricity and its import purchases for that same commodity.
- France: US$4.3 billion (reversing a -$7.8 billion deficit)
- Austria: $2.12 billion (reversing a -$71 million deficit)
- Laos: $2.05 billion (net export surplus down -12.4% since 2022)
- Canada: $1.97 billion (down -46.8%)
- Norway: $1.8 billion (down -23.5%)
- Sweden: $1.62 billion (down -56.6%)
- Paraguay: $1.55 billion (down -6.8%)
- mainland China: $1.52 billion (up 17.9%)
- India: $1.49 billion (up 132.9%)
- Czech Republic: $1.3 billion (down -62.6%)
- Spain: $1.2 billion (down -63.5%)
- Switzerland: $1.1 billion (up 63.6%)
- Serbia: $518 million (reversing a -$25.8 million deficit)
- Bosnia/Herzegovina: $464.9 million (up 21.8%)
- Russia: $455.2 million (down -57.7%)
European powerhouse France generated the highest surplus in the international trade of electricity. In turn, the positive cashflow confirms its strong competitive advantages for this specific product category.
Countries Incurring Worst Trade Deficits from Electricity
The following countries posted the highest negative net exports for electricity during 2023. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports. Thus, the statistics below present the deficit between the value of each country’s imported electricity purchases and its exports for that same commodity.
- Italy: -US$6.6 billion (net export deficit down -49.6% since 2022)
- United Kingdom: -$3.1 billion (reversing a $927.6 million surplus)
- United States of America: -$2.3 billion (down -36.2%)
- Hungary: -$2 billion (down -52.5%)
- Thailand: -$1.8 billion (down -4%)
- Bangladesh: -$1.4 billion (up 164.8%)
- Portugal: -$982.8 million (down -43.7%)
- Argentina: -$835.9 million (up 8.1%)
- Hong Kong: -$832.4 million (down -5.7%)
- Germany: -$786.1 million (reversing a $5.7 billion surplus)
- Lithuania: -$713.1 million (down -64.6%)
- Greece: -$622.2 million (up 62.5%)
- Macao: -$505 million (up 7.6%)
- Brazil: -$504.3 million (down -54.6%)
- Ireland: -$428 million (up 386%)
Italy incurred the highest deficit in the international trade of electricity. In turn, this negative cashflow highlights Italy’s strong competitive disadvantage for this specific product category but also signals opportunities for electricity-supplying countries that help satisfy the powerful demand.
Electricity Exporting Companies
Below are global utility service providers, transmission system operators or distribution grid companies that represent players engaged in the international trade of electricity. The home country for each is shown within parenthesis.
- China Southern Power Grid (China)
- E.ON (Germany)
- Électricité de France (France)
- Enel (Italy)
- Eskom (South Africa)
- Hydro-Québec (Canada)
- PAO Rosseti (Russia)
- State Grid Corporation of China (China)
- TenneT (Netherlands)
- Vattenfall (Sweden)
See also Global Electricity Imports by Country, Crude Oil Exports by Country, Petroleum Gas Exports by Country and Best Solar & Wind Exporters Powering International Energy Sales
Research Sources:
Central Intelligence Agency, The World Factbook Field Listing: Exports – Commodities. Accessed on August 8, 2024
Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on August 8, 2024
International Trade Centre, Trade Map. Accessed on August 8, 2024
Investopedia, Net Exports Definition. Accessed on August 8, 2024
Wikipedia, Electricity distribution companies by country. Accessed on August 8, 2024
