Woods have always constituted a source of wealth for the valley. In the past, the timber was transported along the Vanoy River. Then it was (rafting) sold in the nearby Veneto.
Private woods and provincial public forests are added to the 4,500 hectares of wooded areas of Canal San Bovo municipality.
The Vanoi Valley, green heart of Trentino, is rich of woods as well as pastures; until relatively recent times, the local economy was based on these two resources in addition to poor farming and livestock.
From the XII century to around 1520, the valley’s economic life was significantly altered by the discovery and exploitation of mines.
Mines were located in four different areas (Monte Arzun - Pralongo - Val Reganel – surrounding of Caoria), and mainly furnished iron, pyrite copper and silver.
Some of these deposits were reactivated and exploited until towards the end of the 20th century.
Lives of residents were negatively affected by the isolation that marked the Vanoy Valley.
In the past, mostly walking paths and trails made the access roads.
Only to the beginning of 1900s carriage road were built.
The road was put in work by he Italian military authorities during the First World War while the connection with the city of Trento dates from the early twentieth century.
The construction of galleries on the Schener and road tunnel Totoga, which connect the Vanoi to the Major road artery, have greatly improved traffic flow and therefore the economic and social development.
Scarce economic resources, the splitting up of the few arable lands and the natural disasters that struck this area, led to the need for many people to try their luck elsewhere.
Many people devoted themselves to itinerant trade (the so called "Cromeri"). Others instead moved in several European countries to work in mines or in the construction of the first railways ("aisenponeri").
Women also emigrated, mainly to the Valsugana or Val Adige Valley employed as labourers in the grape harvest or in the mulberry leaf harvesting.
It was also significant emigration to America that took place after 1870. Among the most frequent destinations Brazil, Argentina and U.S.A.