Flag Norway / Canada Flag

2019
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Exports
: $1.02B, Rnk 16 / 208

2019
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Top Product
: $301M, Refined Petroleum

2019
FlagFlag
Exports
: $1.82B, Rnk 16 / 214

2019
FlagFlag
Top Product
: $920M, Nickel Mattes

2019
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Economic Complexity (ECI)
: ECI 0.79, Rnk 38 / 146

2019
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Economic Complexity (ECI)
: ECI 1.01, Rnk 30 / 146

2019
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GDP
: $403B, CURRENT US$
Rnk 29 / 187

2009-2019
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GDP GROWTH
: 4.44%, CURRENT US$
Rnk 170 / 187

2019
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 GDP
: $1.74T, CURRENT US$
Rnk 10 / 187

2009-2019
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GDP GROWTH
: 26.6%, CURRENT US$
Rnk 134 / 187

2019
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GDP PC 
: $75,420, CURRENT US$
Rnk 6 / 187

2009-2019
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GDP PC GROWTH
: -5.7%, CURRENT US$
Rnk 170 / 187

2019
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GDP PC
: $46,195, CURRENT US$
Rnk 20 / 187

2009-2019
Flag
GDP PC GROWTH
: 13.3%, CURRENT US$
Rnk 132 / 187

Norway-Canada In 2019, Norway exported $1.02B to Canada. The main products that Norway exported to Canada are Refined Petroleum ($301M), Crude Petroleum ($206M), and Ferroalloys ($67.2M). During the last 24 years the exports of Norway to Canada have decreased at an annualized rate of 1.79%, from $1.57B in 1995 to $1.02B in 2019.

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.

Canada-Norway In 2019, Canada exported $1.82B to Norway . The main products that Canada exported to Norway were Nickel Mattes ($920M), Precious Metal Scraps ($375M), and Precipitated Copper ($88.7M). During the last 24 years the exports of Canada to Norway have increased at an annualized rate of 4.56%, from $622M in 1995 to $1.82B in 2019.

In 2017, Canada exported services to Norway worth $117M, with Transportation ($85M), Travel ($29M), and Government services, n.i.e. ($3M) being the largest in terms of value.

Comparison In 2019,  Norway ranked 38 in the Economic Complexity Index (ECI 0.79), and 35 in total exports ($109B). That same year, Canada ranked 30 in the Economic Complexity Index (ECI 1.01), and 11 in total exports ($431B).

Historical Data

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Bilateral Trade by Products

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Depth
Value
Compare to

In 2019, Norway exported $1.02B to Canada. The main products exported from Norway to Canada were Refined Petroleum ($301M), Crude Petroleum ($206M), and Ferroalloys ($67.2M). During the last 24 years the exports of Norway to Canada have decreased at an annualized rate of 1.79%, from $1.57B in 1995 to $1.02B in 2019.

In 2019, Canada exported $1.82B to Norway. The main products exported from Canada to Norway were Nickel Mattes ($920M), Precious Metal Scraps ($375M), and Precipitated Copper ($88.7M). During the last 24 years the exports of Canada to Norway have increased at an annualized rate of 4.56%, from $622M in 1995 to $1.82B in 2019.

Market Competitiveness

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Measure

Norway
Top Destination
: United Kingdom, $20B

Canada
Top Destination
: United States, $314B

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

In 2019, countries that imported more from Norway than Canada were Germany ($15.5B), Sweden ($10.1B), and Netherlands ($11.1B).

In 2019, countries that imported more from Canada than Norway were United States ($314B), China ($18.5B), and Japan ($9.92B).

Comparative Advantage Norway - Canada

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Depth

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

During 2019, Norway had a large net trade with Canada in the exports of Mineral Products ($510M), Machines ($112M), and Transportation ($107M).

During 2019, Canada had a large net trade with Norway in the exports of Metals ($1.07B), Precious Metals ($375M), and Machines ($141M).

Tariff Section

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This section shows import tariffs for products traded between Norway and Canada (using the HS6 product classification and the last year reported).

In 2019, the products from Norway that paid the highest import tariffs to enter Canada were Flour or meal, pellet of meat or offal for animal fee (1.99k%)and Meat and edible meat offal: salted, in brine, dried or smoked: edible flours, meals of meat or meat offal, of whales, dolphins, porpoises (of order Cetacea): manatees, dugongs (of order Sirenia): seals, sea lions, and walruses (of suborder Pinnipedia) (1.12k%).

In 2019, the products from Canada that paid the highest import tariffs to enter Norway were Fermented beverages nes (eg cider, perry, mead, etc) (38.4k%)and Grape wines nes, fortified wine or must, pack < 2l (1.6k%).

*The tariffs present between Norway and Canada are:
136: Most Favoured Nation duty rate treatement
136: Most Favoured Nation duty rate treatement
178: Preferential tariff for Canada
178: Preferential tariff for Canada

Bilateral Service Trade

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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.

In 2017, Canada exported services to Norway worth $117M, with Transportation ($85M), Travel ($29M), and Government services, n.i.e. ($3M) being the largest in terms of value.

Service trade data is presented based on availability.

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to red.  This mean that the more blue a dot/product is, the more Norway has comparative advantage over Canada. Similarly, the more red a dot/product is, the more Canada has comparative advantage over Norway.