NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $2.66BRnk 16 / 215
2023
Flag → Flag
Top Product $1.7BNickel Mattes
2023
Flag → Flag
Exports $694MRnk 24 / 205
2023
Flag → Flag
Top Product $104MCrude Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 195
2023
Flag
 GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
Flag
GDP PC $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC$87,925CURRENT US$
Rnk 7 / 196
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195

About

Canada-Norway Trade: In 2023, Canada exported $2.66B to Norway. The main products that Canada exported to Norway were Nickel Mattes ($1.7B), Precious Metal Scraps ($370M), and Cobalt ($78.2M). Over the past 5 years the exports of Canada to Norway have increased at an annualized rate of 3.81%, from $2.2B in 2018 to $2.66B in 2023.

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 2023, Norway exported $694M to Canada. The main products that Norway exported to Canada were Crude Petroleum ($104M), Fish Fillets ($59.1M), and Passenger and Cargo Ships ($48.2M). Over the past 5 years the exports of Norway to Canada have decreased at an annualized rate of 11.2%,  from $1.25B in 2018 to $694M in 2023.

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 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B). That same year, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Latest Trends

November, 2024

About

Overview In November 2024, Canada exported C$21.3M and imported C$53.4M from Norway, resulting in a negative trade balance of C$32.1M. Between November 2023 and November 2024 the exports of Canada have decreased by C$-163M (-88.4%) from C$184M to C$21.3M, while imports decreased by C$-11.6M (-17.9%) from C$65M to C$53.4M.

Trade In November 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 November 2024 the top imports of Canada from Norway were Fish Fillets (C$10.8M), Non-fillet Frozen Fish (C$4.65M), Dried/Salted/Smoked/Brined Fish (C$3.63M), Non-fillet Fresh Fish (C$3.07M), and Animal Meal and Pellets (C$2.24M).

Origins In November 2024 the exports of Canada were mainly from Ontario (C$6.09M), Quebec (C$4.88M), Alberta (C$4.49M), Nova Scotia (C$1.83M), and British Columbia (C$1.77M), while imports destinations were mainly Ontario (C$26.8M), Quebec (C$12.1M), British Columbia (C$5.09M), Nova Scotia (C$3.45M), and Alberta (C$2.91M).

Growth In November 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 for spacecraft, UAVs, and... (C$-1.34M or -37.5%). In November 2024, the decrease in Canada's year-by-year imports  from Norway was explained primarily by an decrease in product imports  in Machinery Having Individual Functions (C$-1.48M or -87.5%), Ferroalloys (C$-1.01M or -94.2%), and Other Electrical Machinery (C$-974k or -97.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)C$-163M(-88.4%)
IMPORT GROWTH (November 2023 - November 2024)C$-11.6M(-17.9%)
MAIN EXPORTER (November 2024)OntarioC$6.09M

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

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $2.66B to Norway. The main products exported from Canada to Norway were Nickel Mattes ($1.7B), Precious Metal Scraps ($370M), and Cobalt ($78.2M). During the last 5 years the exports of Canada to Norway have increased at an annualized rate of 3.81%, from $2.2B in 2018 to $2.66B in 2023.

In 2018, Norway exported $694M to Canada. The main products exported from Norway to Canada were Crude Petroleum ($104M), Fish Fillets ($59.1M), and Passenger and Cargo Ships ($48.2M). During the last 5 years the exports of Norway to Canada have decreased at an annualized rate of 11.2%, from $1.25B in 2023 to $694M in 2018.

Exports from Canada (Flag) to Norway (Flag) (2023)

Exports from Norway (Flag) to Canada (Flag) (2023)

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Norway
Top DestinationGermany$33.8B

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 2023, countries that imported more from Canada than Norway included United States ($410B), China ($31.1B), and Japan ($13.4B).

In 2023, countries that imported more from Norway than Canada included Germany ($33.8B), Sweden ($15.9B), and United Kingdom ($32.6B).

Difference in imports from Norway (Flag) and Canada (Flag) (2023)

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 2023, Canada had a large net trade with Norway in the exports of Metals ($1.81B), Precious Metals ($371M), and Chemical Products ($136M).

During 2018, Norway had a large net trade with Canada in the exports of Mineral Products ($146M), Animal Products ($136M), and Machines ($105M).

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

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) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms