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2022
Flag → Flag
Exports $3.19BRnk 13 / 215
2022
Flag → Flag
Top Product $1.99BNickel Mattes
2022
Flag → Flag
Exports $1.07BRnk 22 / 209
2022
Flag → Flag
Top Product $486MCrude Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
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Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag  
GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
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GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
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GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
Flag
GDP PC$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186

About

Canada-Norway Trade: In 2022, Canada exported $3.19B to Norway. The main products that Canada exported to Norway were Nickel Mattes ($1.99B), Precious Metal Scraps ($527M), and Cobalt ($163M). Over the past 5 years the exports of Canada to Norway have increased at an annualized rate of 14.1%, from $1.65B in 2017 to $3.19B in 2022.

In 2020, Canada exported services to Norway worth $118M, with Transportation ($68.6M), Financial services ($26.1M), and Travel ($9.69M) being the largest in terms of value.

Norway-Canada Trade: In 2022, Norway exported $1.07B to Canada. The main products that Norway exported to Canada were Crude Petroleum ($486M), Ferroalloys ($91.4M), and Fish Fillets ($84.3M). Over the past 5 years the exports of Norway to Canada have decreased at an annualized rate of 6.04%,  from $1.46B in 2017 to $1.07B in 2022.

In 2010, Norway exported services to Canada worth $1.17B, with Services not allocated ($584M), Other business services ($387M), and Transportation ($146M) being the largest in terms of value.

Comparison: In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Latest Trends

August, 2024

About

Overview In August 2024, Canada exported C$121M and imported C$63.7M from Norway, resulting in a positive trade balance of C$57.7M. Between August 2023 and August 2024 the exports of Canada have decreased by C$-121M (-50%) from C$243M to C$121M, while imports increased by C$6.94M (12.2%) from C$56.7M to C$63.7M.

Trade In August 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 August 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 August 2024 the exports of Canada were mainly from Ontario (C$111M), Quebec (C$4.24M), Alberta (C$2.76M), British Columbia (C$1.31M), and Nova Scotia (C$1.14M), while imports destinations were mainly Ontario (C$32M), Quebec (C$12.6M), Nova Scotia (C$6.86M), British Columbia (C$6.36M), and Alberta (C$2.9M).

Growth In August 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 August 2024, the increase in Canada's year-by-year imports  from Norway was explained primarily by an increase in product imports  in Animal Meal and Pellets (C$2.07M or 1.24k%), Non-fillet Frozen Fish (C$1.73M or 59.1%), and Refined Petroleum (C$1.65M or 44.2k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)C$-121M(-50%)
IMPORT GROWTH (August 2023 - August 2024)C$6.94M(12.2%)
MAIN EXPORTER (August 2024)OntarioC$111M

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Norway and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Norway and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $3.19B to Norway. The main products exported from Canada to Norway were Nickel Mattes ($1.99B), Precious Metal Scraps ($527M), and Cobalt ($163M). During the last 5 years the exports of Canada to Norway have increased at an annualized rate of 14.1%, from $1.65B in 2017 to $3.19B in 2022.

In 2017, Norway exported $1.07B to Canada. The main products exported from Norway to Canada were Crude Petroleum ($486M), Ferroalloys ($91.4M), and Fish Fillets ($84.3M). During the last 5 years the exports of Norway to Canada have decreased at an annualized rate of 6.04%, from $1.46B in 2022 to $1.07B in 2017.

Exports from Canada (Flag) to Norway (Flag) (2022)

Exports from Norway (Flag) to Canada (Flag) (2022)

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Norway
Top DestinationGermany$78.1B

This map shows whether countries import more from Canada or Norway. Each country is colored based on the difference in imports they receive from Canada and Norway or the difference in the growth in imports.

In 2022, countries that imported more from Canada than Norway included United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2022, countries that imported more from Norway than Canada included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

Difference in imports from Norway (Flag) and Canada (Flag) (2022)

Comparative Advantage Canada - Norway

Flow
Scale

This chart compares trade between Canada and Norway by product, considering products traded by both, Canada and Norway.

During 2022, Canada had a large net trade with Norway in the exports of Metals ($2.28B), Precious Metals ($528M), and Chemical Products ($98.7M).

During 2017, Norway had a large net trade with Canada in the exports of Mineral Products ($519M), Animal Products ($151M), and Metals ($109M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Canada Norway+$27.2MCars
Top Product Potential Norway Canada+$178MCrude Petroleum

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Canada and Norway. This means that a dot/product with the flag of Canada indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Canada.

Product Space of Canada (Flag) and Norway (Flag) (2022)

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