Canada / Iceland

Overview In November 2024, Canada exported C$3.35M and imported C$11.8M from Iceland, resulting in a negative trade balance of C$8.5M. Between November 2023 and November 2024 the exports of Canada have decreased by C$-2.05M (-37.9%) from C$5.4M to C$3.35M, while imports decreased by C$-4.99M (-29.6%) from C$16.8M to C$11.8M.

Trade In November 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 November 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 November 2024 the exports of Canada were mainly from Nova Scotia (C$958k), Newfoundland Labrador (C$774k), Quebec (C$705k), New Brunswick (C$333k), and Ontario (C$306k), while imports destinations were mainly Ontario (C$4.8M), Quebec (C$3.79M), Nova Scotia (C$2.08M), New Brunswick (C$517k), and British Columbia (C$495k).

Growth In November 2024, the decrease in Canada's year-by-year exports to Iceland was explained primarily by an decrease in product exports in Crustaceans (C$-2.08M or -61.6%), Other Frozen Vegetables (C$-109k or -40.1%), and Newsprint (C$-85k or -58.9%). In November 2024, the decrease in Canada's year-by-year imports  from Iceland was explained primarily by an decrease in product imports  in Fish Oil (C$-122k or -99.3%), Surveying Equipment (C$-96.4k or -87.1%), and Other Inedible Animal Products (C$-88.2k or -15.1%).