How Top Electrical Energy Trading Countries Performed in 2016?

15 December 2017

Is electricity exported? Yes, it is exported as well as imported from one country to another country. Electrical energy (electricity) is generated by generating stations and transmitted to load centers from where it is distributed to its destinations. The electricity is transferred through the connection of power lines between two countries. Germany is the top exporting country of electrical energy while United States is the top importing country. In import export business, electrical energy comes under HS Code 2716. Let’s take a comprehensive look at the detailed analysis of most importing and exporting countries of electrical energy in the world.

10 Largest Exporter Countries of Electrical Energy

Global sales from electricity exports by country amounted to USD 24900 million during the year 2016. Germany stood as largest electrical energy exporter country in the world. It recorded USD 3044 million value by electricity exports which represented 12.2% of the global value. In terms of quantity, the country has exported 63772288 megawatt hour’s electricity to its export partner countries. The electricity export of the country is declined by 23% during 2015-16.

Canada is the second largest electricity exporting country after Germany and recorded USD 2199 million that represented 8.8% of the total’s output. Electricity export from Canada is increased by 6% in quantity between 2012 and 2016. Canadian hydroelectric generators are concentrated in the Pacific Northwest which exports electricity via transmission lines running south through the North Dakota. Here is the list of top 10 supplying countries of electricity with the value and share recorded.

*above stats are based on 2016 report

How do Countries Export Electricity?

The power company in a country is a huge electrical consumer that constantly imports power and then resells it to homes and commercial facilities. To do this process, the power plants come together and create spot markets. They offer production for biding by the hour and the power companies request production by the hour. Obviously, the producers and consumers are not at the same place. There has to be large backbone that you can push production into and withdrawn from. The exact same thing happens when the power line runs across a border.

There are connections between grid operators on both sides of the country’s border. If the buyer is a backbone grid in another country that makes no difference financially since the transfer rate is agreed on before the transfer begins. When one country has a lot of production that is fairly cheap and the producers want access to a market where the buyers are used to paying more. There are also interconnectors which are submerged cables running from places like Norway to UK, UK to Ireland.

10 Largest Importer Countries of Electrical Energy

Global value from electricity imports by country amounted to USD 23482 million in 2016. USA is the world’s largest importing country of electricity. USA exports of Electricity worth USD 2192 million during 2016 and represented 9.3% of the global imports. However, the country has imported electricity with the quantity of 73531753 megawatt hours.

Italy stood as top electricity importer country after United States. It recorded USD 1866 million in 2016 and represented 7.9% of the total imports. Italy’s electricity import is reduced by 25% during 2015-16. Here is the table representing top 10 electricity importing countries in the world.

*above stats are based on 2016 report

5 Longest Power Transmission Lines in the World

HVDC (High Voltage Direct Current) has emerged as the preferred transmission technology for long distance bulk power supply. Here is the list of world’s five longest operational power transmission lines.

            1.       Rio Madeira Transmission Link, Brazil (2385 km-long)

            2.       Jinping Sunan Transmission Line, China (2090 km-long)

            3.       Xiangjiaba Shanghai Transmission Line, China (1980 km-long)

            4.       Inga Kolwezi Transmission Line, Congo (1700 km-long)

            5.       Talcher Kolar Transmission Link, India (1450 km-long)

Subscribe for Electrical Energy Trade Data

Electricity is one of the most required commodity for any country. Many countries who produced the electricity use most of the electrical energy for its own purpose. While many countries import or export this commodity through power plants or other methods. You can go through the Electrical Energy trade data of any particular country and find the quantity in megawatt with the value and unit price. Also, find the companies which are exporting and importing the electricity from one place to another place across the borders. Here is the sample of  Electrical Energy Exports from South Africa which will give you a fair idea about the major data fields that we cover in our report.

We at Export Genius, providing the import export data of all products including 60+ countries. Our trade data, majorly covers importers, exporters, total value, quantity, trading countries, loading place etc. To access the complete information, you just need to fill up a quick enquiry form on our website i.e. wwww.exportgenius.in or email at [email protected].