Nova ScotiaProvince in Canada
Exports (2019): C$ 9.82B, Rnk 9/13
Top Destination (2019): C$ 7.53B, United States
Top Export (2019): C$ 1.5B, Pneumatic tyres new of rubber for...
Imports (2019): C$ 11.4B, Rnk 8/13
Top Origin (2019): C$ 2.62B, Germany
Top Import (2019): C$ 2.48B, Medium Sized Cars
Economic Complexity (2019): -0.3, Rnk 6 / 13
Exports: In 2019, Canada's Nova Scotia exported C$ 9.82B, making it the 9th largest exporter out of the 13 exporters in Canada. In 2019 the top exports of Nova Scotia were Pneumatic tyres new of rubber for... (C$ 1.5B), Crustaceans; live, fresh or chilled, lobsters... (C$ 1.28B), Pneumatic tyres new of rubber for... (C$ 683M), Crabs, frozen (C$ 479M), and Uncoated paper and paperboard (not 4801... (C$ 334M).
Imports: In 2019, Canada's Nova Scotia imported C$ 11.4B, making it the 8th largest importer out of the 13 importers in Canada. In 2019 top imports of Nova Scotia were Medium Sized Cars (C$ 2.48B), Tanks and other armoured fighting vehicles (C$ 1.09B), Large Sized Cars (C$ 1.01B), Petroleum spirit for motor vehicles (C$ 874M), and Light petroleum distillates nes (C$ 587M).
Economic Complexity: In 2019, the highest complexity exports of Nova Scotia according to the product complexity index (PCI) are Lubricating Products (1.47), Other Heating Machinery (1.36), Rubberworking Machinery (1.33), Musical Instrument Parts (1.32), and Newsprint (1.27). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Top Destination (2019): United States, C$ 7.53B
Top Product (2019): Pneumatic tyres new of rubber for..., C$ 1.5B
In 2019 the top export destinations of Nova Scotia were United States (C$ 7.53B), China (C$ 996M), South Korea (C$ 126M), Japan (C$ 106M), and United Kingdom (C$ 89.8M).
In 2019 the top exports of Nova Scotia were Pneumatic tyres new of rubber for... (C$ 1.5B), Crustaceans; live, fresh or chilled, lobsters... (C$ 1.28B), Pneumatic tyres new of rubber for... (C$ 683M), Crabs, frozen (C$ 479M), and Uncoated paper and paperboard (not 4801... (C$ 334M).
Fastest Growing Exports Destination (April 2019 - April 2020)
Rapidly Declining Export Origins (April 2019 - April 2020)
Top Origin (2019): Germany, C$ 2.62B
Top Import (2019): Medium Sized Cars, C$ 2.48B
In 2019 the top import origins of Nova Scotia were Germany (C$ 2.62B), United States (C$ 1.61B), Belgium (C$ 1.45B), United Kingdom (C$ 1.24B), and France (C$ 572M).
In 2019 the top imports of Nova Scotia were Medium Sized Cars (C$ 2.48B), Tanks and other armoured fighting vehicles (C$ 1.09B), Large Sized Cars (C$ 1.01B), Petroleum spirit for motor vehicles (C$ 874M), and Light petroleum distillates nes (C$ 587M).
Fastest Growing Import Origins (April 2019 - April 2020)
Rapidly Declining Import Origins (April 2019 - April 2020)
This section shows differences between total trade from Nova Scotia throughout time.
The provinces of Canada with the highest exports in 2019 were Ontario (C$ 371B), Alberta (C$ 221B), Quebec (C$ 158B), British Columbia (C$ 65.5B), and Saskatchewan (C$ 45.7B)
The provinces of Canada with the highest imports in 2019 were Ontario (C$ 559B), Quebec (C$ 122B), British Columbia (C$ 78.3B), Alberta (C$ 46.4B), and Manitoba (C$ 40.2B)
This section shows forecasts for total exports and imports from Nova Scotia. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.
Nova Scotia ranks 6th out of the 13 provinces in Canada according to ECI.
Estimated using exports data.
The economic complexity of a territory can change year to year. Nova Scotia it is in position 6th considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Nova Scotia already has a comparative advantage, are led by Rough Wood (0.13), Animal Meal and Pellets (0.13), Cement (0.12), Processed Cereals (0.12), and Other Vegetables (0.12).
The highest complexity exports of Nova Scotia according to the product complexity index (PCI) are Lubricating Products (1.47), Other Heating Machinery (1.36), Rubberworking Machinery (1.33), Musical Instrument Parts (1.32), and Newsprint (1.27). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Crustaceans (146), Gypsum (114), Animal or Vegetable Fertilizers (91.2), Compounded Unvulcanised Rubber (66.6), and Frozen Fruits and Nuts (61).
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 Nova Scotia 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.
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.
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