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Export News
16-06-2025
In 2024, the international trade of electricity generated a total of $59.8 billion USD in export revenues for all participating countries.
This figure reflects a 105.1% increase compared to 2020, when worldwide electricity exports stood at $29.2 billion. However, on a year-over-year basis, global electricity exports declined by 16.5%, dropping from $71.7 billion in 2023.
The leading exporters of electricity in 2024 were France, Germany, Switzerland, Austria, and Slovakia—all based in Europe. Combined, these five nations accounted for 35.8% of all electricity exported worldwide.
Regional Distribution
When analyzing electricity exports by continent, Europe dominated the global market, shipping $45.8 billion worth of electrical energy—equivalent to 76.5% of total exports.
Trailing behind:
·Asia exported 11.2%
·North America followed with 5.3%
·Africa accounted for 3.6%
·Latin America and the Caribbean (excluding Mexico) contributed 3.4%
According to the Harmonized Tariff System, electrical energy is classified under code 2716, a subcategory within the broader mineral fuels group (prefix 27).
Leading Electricity Exporters in 2024
Here are the top 15 countries by export value for electricity in 2024:
1.France: $6.4 billion (10.7%)
2.Germany: $5 billion (8.3%)
3.Switzerland: $4.4 billion (7.3%)
4.Austria: $3.1 billion (5.2%)
5.Slovakia: $2.5 billion (4.2%)
6.Laos: $2.4 billion (3.9%)
7.Canada: $2.2 billion (3.6%)
8.Poland: $2.08 billion (3.5%)
9.Spain: $2.07 billion (3.5%)
10.Czech Republic: $2.07 billion (3.5%)
11.Hungary: $2.04 billion (3.4%)
12.Norway: $1.9 billion (3.2%)
13.Mainland China: $1.7 billion (2.8%)
14.Sweden: $1.6 billion (2.8%)
15.Slovenia: $1.5 billion (2.6%)
Together, these nations represented 68.5% of all electricity exported globally in 2024.
Growth and Decline in Export Performance
Among the leading exporters, the countries showing the most significant growth in electricity exports from 2023 to 2024 were:
·Slovakia: +39.3%
·Hungary: +28.6%
·Laos: +1.1%
Conversely, the steepest drops were recorded by:
·Spain: -34.6%
·Austria: -31.4%
·Canada: -30.8%
·Norway: -27.1%
·Poland: -26.7%
Major Electricity Exporting Companies
According to Tendata, the following are key players—utility firms, power transmission providers, and electrical grid operators—engaged in exporting electricity internationally:
1.Công Ty TNHH Seojin Việt Nam – 53.85% ($2.04 billion)
2.TPI Composites India Private Limited – 7.59% ($286.85 million)
3.Vestas Wind Technology India Private Limited – 5.07% ($191.54 million)
4.CAF Mexico SA de CV – 4.76% ($179.82 million)
5.Երևանի ՋԷԿ ՓԲԸ (Yerevan TPP) – 2.84% ($107.23 million)
6.Conductores Monterrey SA de CV – 2.41% ($91.1 million)
7.Seojin Viet Nam Limited Company – 1.6% ($60.44 million)
8.Secure Meters Limited – 1.58% ($59.82 million)
9.Ford Otomotiv Sanayi A.Ş. – 0.75% ($28.44 million)
10.Công Ty TNHH Hanoi Sungho Electronics – 0.66% ($24.85 million)
These firms represent significant contributors to global electricity trade through their infrastructure, production, or energy-related technology.
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