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Overview This page contains the latest international trade data for British Columbia. In January 2024 British Columbia was the number 4 in total exports and the number 3 in total imports in Canada.

Exports In 2023, Canada's British Columbia exported C$ 64.3B, making it the 4th largest exporter out of the 13 exporters in Canada. In 2023 the top exports of British Columbia were Bituminous coal, not agglomerated (C$ 9.44B), Natural gas in gaseous state (C$ 5.25B), Copper ores and concentrates (C$ 3.39B), Chem wood pulp, soda or sulphate,... (C$ 2.29B), and S-P-F Coniferous Wood, Sawn or Chipped (C$ 2.06B).

Imports In 2023, Canada's British Columbia imported C$ 77.5B, making it the 3rd largest importer out of the 13 importers in Canada. In 2023 top imports of British Columbia were Electric motor Vehicles (C$ 2.73B), Light petroleum distillates nes (C$ 2.05B), Machinery for liquefying air or other... (C$ 1.78B), Medium Sized Cars (C$ 1.5B), and Electrical energy (C$ 1.28B).

Economic Complexity In 2023, the highest complexity exports of British Columbia according to the product complexity index (PCI) are Micro-Organism Culture Preparations (1.28), Fairground Amusements (0.87), Weapons Parts and Accessories (0.76), Coated Textile Fabric (0.64), Peptones (0.59), Aluminium Structures (0.4), Wood Carpentry (0.21), Particle Board (0.17), Special purpose motor vehicles (0.063), and Other Isotopes (0.063). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Historical Data

Yearly Exports

Color
Depth
Top Destination (2023)United StatesC$ 28.9B
Top Product (2023)Bituminous coal, not agglomeratedC$ 9.44B

In 2023 the top export destinations of British Columbia were United States (C$ 28.9B), China (C$ 7.4B), Japan (C$ 5.63B), South Korea (C$ 3.07B), and India (C$ 1.25B).

In 2023 the top exports of British Columbia were Bituminous coal, not agglomerated (C$ 9.44B), Natural gas in gaseous state (C$ 5.25B), Copper ores and concentrates (C$ 3.39B), Chem wood pulp, soda or sulphate,... (C$ 2.29B), and S-P-F Coniferous Wood, Sawn or Chipped (C$ 2.06B).

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Exports Dynamics

Fastest Growing Exports Destination (Jan 2023 - Jan 2024)
South Korea C$ 156M (49.4%)
India C$ 68.7M (96.8%)
Japan C$ 43.5M (10.5%)
Rapidly Declining Export Origins (Jan 2023 - Jan 2024)
United States C$ -608M (-19.8%)
China C$ -128M (-21.2%)
Netherlands C$ -80.7M (-87.5%)

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Yearly Imports

Color
Depth
Top Origin (2023)United StatesC$ 26B
Top Import (2023)Electric motor VehiclesC$ 2.73B

In 2023 the top import origins of British Columbia were United States (C$ 26B), China (C$ 19B), Japan (C$ 4.56B), Vietnam (C$ 2.92B), and Mexico (C$ 2.72B).

In 2023 the top imports of British Columbia were Electric motor Vehicles (C$ 2.73B), Light petroleum distillates nes (C$ 2.05B), Machinery for liquefying air or other... (C$ 1.78B), Medium Sized Cars (C$ 1.5B), and Electrical energy (C$ 1.28B).

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Imports Dynamics

Fastest Growing Import Origins (Jan 2023 - Jan 2024)
Japan C$ 127M (42.6%)
Brazil C$ 55.4M (278%)
Costa Rica C$ 37M (946%)
Rapidly Declining Import Origins (Jan 2023 - Jan 2024)
China C$ -638M (-34.4%)
Italy C$ -120M (-54.9%)
United States C$ -56.5M (-2.88%)

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Economic Complexity

Economic Complexity of British Columbia

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Economic Complexity (2023)-0.096

British Columbia ranks 3rd out of the 13 provinces in Canada according to ECI.

The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.

Estimated using exports data.

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Economic Complexity Ranking

Value

The economic complexity of a territory can change year to year. British Columbia it is in position 3rd considering its ECI in the last year.

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Export Opportunities by Relatedness

The top export opportunities according to the relatedness level, without considering those products were British Columbia already has a comparative advantage, are led by Crude Petroleum (0.24), Processed Cereals (0.23), Cobalt (0.22), Other Prepared Meat (0.22), and Other Fermented Beverages (0.22).

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Most Complex Products by PCI

The highest complexity exports of British Columbia according to the product complexity index (PCI) are Micro-Organism Culture Preparations (1.28), Fairground Amusements (0.87), Weapons Parts and Accessories (0.76), Coated Textile Fabric (0.64), Peptones (0.59), Aluminium Structures (0.4), Wood Carpentry (0.21), Particle Board (0.17), Special purpose motor vehicles (0.063), and Other Isotopes (0.063). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

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Most Specialized Products by RCA Index

The most specialized products according to the RCA index are led by Semi chemical Woodpulp (52.04), Bovine, Sheep, and Goat Fat (50.84), Sawn Wood (33.61), Chlorates and Perchlorates (28.39), and Sulfate Chemical Woodpulp (28.03).

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Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since British Columbia is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

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Relatedness Space

This network shows the products most related to the production structure of  British Columbia. These are products that tend to be co-exported with the products that British Columbia exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

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Diversification Frontier

Depth
Filter

The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions. Bubble size corresponds to exports value by year 2020.

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