Canada / Iceland

Overview In July 2024, Canada exported C$3.96M and imported C$7.64M from Iceland, resulting in a negative trade balance of C$3.68M. Between July 2023 and July 2024 the exports of Canada have increased by C$1.2M (43.7%) from C$2.76M to C$3.96M, while imports decreased by C$-2.03M (-21%) from C$9.67M to C$7.64M.

Trade In July 2024, the top exports of Canada to Iceland were Crustaceans (C$1.29M), Fuel Wood (C$565k), Delivery Trucks (C$420k), Peptones (C$354k), and Machinery Having Individual Functions (C$229k). In July 2024 the top imports of Canada from Iceland were Raw Aluminium (C$7.67M), Vaccines, blood, antisera, toxins and cultures (C$4.92M), Non-fillet Fresh Fish (C$3.06M), Fish Fillets (C$3.02M), and Non-fillet Frozen Fish (C$913k).

Origins In July 2024 the exports of Canada were mainly from Newfoundland Labrador (C$895k), Quebec (C$772k), Ontario (C$670k), Alberta (C$652k), and Nova Scotia (C$638k), while imports destinations were mainly Ontario (C$3.27M), Quebec (C$1.81M), Nova Scotia (C$1.16M), British Columbia (C$786k), and Alberta (C$318k).

Growth In July 2024, the increase in Canada's year-by-year exports to Iceland was explained primarily by an increase in product exports in Peptones (C$269k or 316%), Machinery Having Individual Functions (C$218k or 1.98k%), and Aircraft parts including unmanned craft (C$154k or 3.05k%). In July 2024, the decrease in Canada's year-by-year imports  from Iceland was explained primarily by an decrease in product imports  in Fish oil (C$-122k or -99.3%), Surveying Equipment (C$-96.4k or -87.1%), and Other Inedible Animal Products (C$-88.2k or -15.1%).