New Brunswick

Province in Canada

2019
Economic
Complexity
: -0.43, Rank 8 of 10

Jan 2021
Trade
Exports | Imports
: C$ 1B | C$ 904M, 8 of 13 | 6 of 11

Jan 2021
Country
Destination | Origin
: United States | United States , C$ 916M  | C$ 534M

Jan 2021
Product
Exports | Imports
: Refined Petroleum | Crude Petroleum , C$ 533M  | C$ 589M

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

Exports: In 2020, Canada's New Brunswick exported C$ 10.3B, making it the 8th largest exporter out of the 13 exporters in Canada. In 2020 the top exports of New Brunswick were Petroleum spirit for motor vehicles (C$ 2.74B), Light petroleum distillates nes (C$ 1.85B), Wood; coniferous species, other than of... (C$ 626M), Petroleum bitumen (C$ 436M), and Lobsters (Homarus) frozen (C$ 399M).

Imports: In 2020, Canada's New Brunswick imported C$ 9.22B, making it the 7th largest importer out of the 13 importers in Canada. In 2020 top imports of New Brunswick were Petroleum oils, oils from bituminous minerals,... (C$ 5.29B), Crustaceans; live, fresh or chilled, lobsters... (C$ 275M), Petroleum spirit for motor vehicles (C$ 249M), Natural gas in gaseous state (C$ 236M), and Natural gas, liquefied (C$ 197M).

Economic Complexity: In 2019, the highest complexity exports of New Brunswick according to the product complexity index (PCI) are Newsprint (1.13), Other Stone Articles (1.08), Other Agricultural Machinery (0.93), Central Heating Boilers (0.9), and Potato Flours (0.73). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value

This section shows the differences between New Brunswick's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Canada's country profile.

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Yearly Exports

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Value
Depth

Top Destination (2020): United States, C$ 9.36B

Top Product (2020): Petroleum spirit for motor vehicles, C$ 2.74B

In 2020 the top export destinations of New Brunswick were United States (C$ 9.36B), China (C$ 144M), India (C$ 71.5M), Italy (C$ 60.9M), and Japan (C$ 56.7M).

In 2020 the top exports of New Brunswick were Petroleum spirit for motor vehicles (C$ 2.74B), Light petroleum distillates nes (C$ 1.85B), Wood; coniferous species, other than of... (C$ 626M), Petroleum bitumen (C$ 436M), and Lobsters (Homarus) frozen (C$ 399M).

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Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Value
Depth

Top Origin (2020): United States, C$ 5.23B

Top Import (2020): Petroleum oils, oils from bituminous minerals,..., C$ 5.29B

In 2020 the top import origins of New Brunswick were United States (C$ 5.23B), Saudi Arabia (C$ 1.5B), Nigeria (C$ 611M), Norway (C$ 296M), and China (C$ 225M).

In 2020 the top imports of New Brunswick were Petroleum oils, oils from bituminous minerals,... (C$ 5.29B), Crustaceans; live, fresh or chilled, lobsters... (C$ 275M), Petroleum spirit for motor vehicles (C$ 249M), Natural gas in gaseous state (C$ 236M), and Natural gas, liquefied (C$ 197M).

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Imports Dynamics

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Fastest Growing Import Origins (Jan 2020 - Jan 2021)

Rapidly Declining Import Origins (Jan 2020 - Jan 2021)

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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Scale

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), Non-fillet Frozen Fish (0.11), Animal Meal and Pellets (0.11), Gravel and Crushed Stone (0.1), and Scrap Aluminium (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 (1.13), Other Stone Articles (1.08), Other Agricultural Machinery (0.93), Central Heating Boilers (0.9), and Potato Flours (0.73). 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 (417), Dissolving Grades Chemical Woodpulp (89.9), Peat (84.3), Asphalt (60.3), and Crustaceans (51.9).

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.