Canada / Norway

Overview In February 2024, Canada exported C$117M and imported C$49.5M from Norway, resulting in a positive trade balance of C$67M. Between February 2023 and February 2024 the exports of Canada have decreased by C$-159M (-57.7%) from C$275M to C$117M, while imports decreased by C$-17M (-25.6%) from C$66.4M to C$49.5M.

Trade In February 2024, the top exports of Canada to Norway were Nickel Mattes (C$276M), Precious Metal Scraps (C$79.5M), Precipitated Copper (C$19.6M), Cobalt (C$13.8M), and Soybeans (C$12M). In February 2024 the top imports of Canada from Norway were Fish Fillets (C$10.8M), Non-fillet Frozen Fish (C$4.65M), Fish: dried, salted, smoked or in... (C$3.63M), Non-fillet Fresh Fish (C$3.07M), and Animal Meal and Pellets (C$2.24M).

Origins In February 2024 the exports of Canada were mainly from Ontario (C$101M), Quebec (C$6.71M), Alberta (C$4.44M), Manitoba (C$1.77M), and British Columbia (C$1.67M), while imports destinations were mainly Ontario (C$19.9M), Quebec (C$10.5M), British Columbia (C$7.01M), Nova Scotia (C$5.01M), and Newfoundland Labrador (C$3.18M).

Growth In February 2024, the decrease in Canada's year-by-year exports to Norway was explained primarily by an decrease in product exports in Cobalt (C$-6.42M or -31.7%), Tanks and Armored vehicles (C$-1.95M or -98.6%), and Aircraft parts including unmanned craft (C$-1.34M or -37.5%). In February 2024, the decrease in Canada's year-by-year imports  from Norway was explained primarily by an decrease in product imports  in Machinery Having Individual Functions (C$-1.48M or -87.5%), Ferroalloys (C$-1.01M or -94.2%), and Other Electrical Machinery (C$-974k or -97.2%).