New Brunswick

Province in Canada

Exports (2019): C$ 24.6B, Rnk 7/13

Top Destination (2019): C$ 23.1B, United States

Top Export (2019): C$ 7.75B, Petroleum spirit for motor vehicles

Imports (2019): C$ 18.5B, Rnk 7/13

Top Origin (2019): C$ 12.2B, United States

Top Import (2019): C$ 10.4B, Petroleum oils, oils from bituminous minerals,...

Economic Complexity (2019): -0.44, Rnk 8 / 13

Overview: This page contains the latest international trade data for New Brunswick, including export and import data.

Exports: In 2019, Canada's New Brunswick exported C$ 24.6B, making it the 7th largest exporter out of the 13 exporters in Canada. In 2019 the top exports of New Brunswick were Petroleum spirit for motor vehicles (C$ 7.75B), Light petroleum distillates nes (C$ 4.55B), Petroleum bitumen (C$ 1.16B), Lobsters (Homarus) frozen (C$ 1.06B), and Wood; coniferous species, other than of... (C$ 856M).

Imports: In 2019, Canada's New Brunswick imported C$ 18.5B, making it the 7th largest importer out of the 13 importers in Canada. In 2019 top imports of New Brunswick were Petroleum oils, oils from bituminous minerals,... (C$ 10.4B), Crustaceans; live, fresh or chilled, lobsters... (C$ 800M), Petroleum spirit for motor vehicles (C$ 524M), Natural gas in gaseous state (C$ 399M), and Light petroleum distillates nes (C$ 266M).

Economic Complexity: In 2019, the highest complexity exports of New Brunswick according to the product complexity index (PCI) are Newsprint (1.27), Other Agricultural Machinery (0.88), Other Stone Articles (0.87), Uncoated Paper (0.72), and Central Heating Boilers (0.7). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Top Destination (2019): United States, C$ 23.1B

Top Product (2019): Petroleum spirit for motor vehicles, C$ 7.75B

In 2019 the top export destinations of New Brunswick were United States (C$ 23.1B), Netherlands (C$ 167M), India (C$ 134M), China (C$ 132M), and Ireland (C$ 122M).

In 2019 the top exports of New Brunswick were Petroleum spirit for motor vehicles (C$ 7.75B), Light petroleum distillates nes (C$ 4.55B), Petroleum bitumen (C$ 1.16B), Lobsters (Homarus) frozen (C$ 1.06B), and Wood; coniferous species, other than of... (C$ 856M).

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Export Dynamics

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Fastest Growing Exports Destination (April 2019 - April 2020)

Rapidly Declining Export Origins (April 2019 - April 2020)

Yearly Imports

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Top Origin (2019): United States, C$ 12.2B

Top Import (2019): Petroleum oils, oils from bituminous minerals,..., C$ 10.4B

In 2019 the top import origins of New Brunswick were United States (C$ 12.2B), Saudi Arabia (C$ 3.08B), United Kingdom (C$ 417M), Norway (C$ 317M), and Nigeria (C$ 273M).

In 2019 the top imports of New Brunswick were Petroleum oils, oils from bituminous minerals,... (C$ 10.4B), Crustaceans; live, fresh or chilled, lobsters... (C$ 800M), Petroleum spirit for motor vehicles (C$ 524M), Natural gas in gaseous state (C$ 399M), and Light petroleum distillates nes (C$ 266M).

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Import Dynamics

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Fastest Growing Import Origins (April 2019 - April 2020)

Rapidly Declining Import Origins (April 2019 - April 2020)

Comparison in Time

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This section shows differences between total trade from New Brunswick throughout time.

This section shows forecasts for total exports and imports from New Brunswick. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

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Economic Complexity

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Economic Complexity of Canada

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New Brunswick ranks 8th out of the 13 provinces in Canada according to ECI.

Estimated using exports data.

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Economic Complexity Ranking

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The economic complexity of a territory can change year to year. New Brunswick it is in position 8th considering its ECI in the last year.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were New Brunswick already has a comparative advantage, are led by Rough Wood (0.11), Nitrogenous Fertilizers (0.11), Non-fillet Frozen Fish (0.11), Animal Meal and Pellets (0.11), and Salt (0.1).

Most Complex Products by PCI

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The highest complexity exports of New Brunswick according to the product complexity index (PCI) are Newsprint (1.27), Other Agricultural Machinery (0.88), Other Stone Articles (0.87), Uncoated Paper (0.72), and Central Heating Boilers (0.7). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Sulfite Chemical Woodpulp (390), Asphalt (71.5), Peat (68.3), Crustaceans (49.4), and Petroleum Coke (47).

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since New Brunswick is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.

Relatedness Space

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This network shows the products most related to the production structure of  New Brunswick. These are products that tend to be co-exported with the products that New Brunswick exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions.