Canada / Russia

Overview In January 2024, Canada exported C$3.79M and imported C$10.7M from Russia, resulting in a negative trade balance of C$6.88M. Between January 2023 and January 2024 the exports of Canada have decreased by C$-2.3M (-37.8%) from C$6.09M to C$3.79M, while imports increased by C$6.07M (132%) from C$4.6M to C$10.7M.

Trade In January 2024, the top exports of Canada to Russia were Eggs (C$2M), Soil Preparation Machinery (C$1.86M), Machinery Having Individual Functions (C$1.02M), Other Inedible Animal Products (C$943k), and Packaged Medicaments (C$131k). In January 2024 the top imports of Canada from Russia were Aircraft parts including unmanned craft (C$1.2M), Radioactive Chemicals (C$1.15M), Ferroalloys (C$340k), Rubber Tires (C$303k), and Plywood (C$297k).

Origins In January 2024 the exports of Canada were mainly from Ontario (C$3.07M), Alberta (C$377k), Saskatchewan (C$201k), and British Columbia (C$135k), while imports destinations were mainly Ontario (C$7.01M), Quebec (C$2.63M), Manitoba (C$803k), Saskatchewan (C$109k), and Alberta (C$74.4k).

Growth In January 2024, the decrease in Canada's year-by-year exports to Russia was explained primarily by an decrease in product exports in Machinery Having Individual Functions (C$-552k or -35.1%), Laboratory Reagents (C$-348k or -93.1%), and X-Ray Equipment (C$-315k or -94.8%). In January 2024, the increase in Canada's year-by-year imports  from Russia was explained primarily by an increase in product imports  in Aircraft parts including unmanned craft (C$262k or 27.9%), Nitrogen Heterocyclic Compounds (C$62k or 1.82k%), and Cathode Tubes (C$31k or 34.6%).