Nova ScotiaProvince in Canada
2019 Economic Complexity: -0.22, Rank 6 of 10
Jan 2021 Trade Exports | Imports: C$ 429M | C$ 631M, 9 of 13 | 8 of 11
Jan 2021 Country Destination | Origin: United States | Germany , C$ 284M | C$ 136M
Jan 2021 Product Exports | Imports: Crustaceans | Cars , C$ 97.1M | C$ 226M
Overview: This page contains the latest international trade data for Nova Scotia, including export and import data.
Exports: In 2020, Canada's Nova Scotia exported C$ 5.21B, making it the 9th largest exporter out of the 13 exporters in Canada. In 2020 the top exports of Nova Scotia were Crustaceans; live, fresh or chilled, lobsters... (C$ 823M), Pneumatic tyres new of rubber for... (C$ 626M), Pneumatic tyres new of rubber for... (C$ 257M), Crabs, frozen (C$ 237M), and Uncoated paper and paperboard (not 4801... (C$ 183M).
Imports: In 2020, Canada's Nova Scotia imported C$ 8.34B, making it the 8th largest importer out of the 13 importers in Canada. In 2020 top imports of Nova Scotia were Medium Sized Cars (C$ 1.55B), Tanks and other armoured fighting vehicles (C$ 1.16B), Commodities not specified according to kind (C$ 586M), Large Sized Cars (C$ 521M), and Petroleum spirit for motor vehicles (C$ 419M).
Economic Complexity: In 2019, the highest complexity exports of Nova Scotia according to the product complexity index (PCI) are Rubberworking Machinery (1.72), Lubricating Products (1.51), Gas and Liquid Flow Measuring Instruments (1.43), Musical Instrument Parts (1.31), and Other Heating Machinery (1.27). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Overview: In January 2021 Nova Scotia exported C$429M and imported C$631M, resulting in a negative trade balance of C$202M. Between January 2020 and January 2021 the exports of Nova Scotia have decreased by $-30.8M (-6.69%) from C$460M to C$429M, while imports decreased by C$-35.1M (-5.28%) from C$666M to C$631M.
Trade: In January 2021, the top exports of Nova Scotia were Crustaceans (C$97.1M), Rubber Tires (C$89.1M), Sawn Wood (C$19.1M), Uncoated Paper (C$16.9M), and Frozen Fruits and Nuts (C$14.5M). In January 2021 the top imports of Nova Scotia were Cars (C$226M), Refined Petroleum (C$87.7M), Commodities not elsewhere specified (C$64.7M), Other Construction Vehicles (C$17.2M), and Coal Briquettes (C$15.1M).
Destinations: In January 2021, Nova Scotia exported mostly to United States (C$284M), China (C$45.8M), South Korea (C$14.9M), Denmark (C$6.85M), and Japan (C$6.17M), and imported mostly from Germany (C$136M), Cuba (C$64.1M), United States (C$57.9M), United Kingdom (C$44.9M), and Sweden (C$38M).
Growth: In January 2021, the decrease in Nova Scotia's year-by-year exports was explained primarily by an decrease in exports to China (C$-72.3M or -61.2%), Egypt (C$-3.11M or -94.5%), and United Arab Emirates (C$-1.75M or -69.9%), and product exports decrease in Crustaceans (C$-55.1M or -36.2%), Gypsum (C$-2.88M or -48.9%), and Aircraft Parts (C$-2.44M or -45.3%). In January 2021, the decrease in Nova Scotia's year-by-year imports was explained primarily by an decrease in imports from United Kingdom (C$-43.9M or -49.4%), Belgium (C$-37.7M or -53.3%), and Mexico (C$-16M or -58.5%), and product imports decrease in Cars (C$-22.2M or -8.96%), Centrifuges (C$-6.97M or -95.9%), and Electric Generating Sets (C$-5.6M or -98.7%).
EXPORT GROWTH (January 2020 - January 2021): C$-30.8M, (-6.69%)
IMPORT GROWTH (January 2020 - January 2021): C$-35.1M, (-5.28%)
This section shows exports and imports data at subnational level for Nova Scotia. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Nova Scotia over time.
This section shows the differences between Nova Scotia's total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Canada's country profile.
Top Destination (2020): United States, C$ 3.37B
Top Product (2020): Crustaceans; live, fresh or chilled, lobsters..., C$ 823M
In 2020 the top export destinations of Nova Scotia were United States (C$ 3.37B), China (C$ 653M), South Korea (C$ 103M), Netherlands (C$ 98.5M), and Japan (C$ 86.5M).
In 2020 the top exports of Nova Scotia were Crustaceans; live, fresh or chilled, lobsters... (C$ 823M), Pneumatic tyres new of rubber for... (C$ 626M), Pneumatic tyres new of rubber for... (C$ 257M), Crabs, frozen (C$ 237M), and Uncoated paper and paperboard (not 4801... (C$ 183M).
Fastest Growing Exports Destination (Jan 2020 - Jan 2021)
Rapidly Declining Export Origins (Jan 2020 - Jan 2021)
Top Origin (2020): Germany, C$ 1.85B
Top Import (2020): Medium Sized Cars, C$ 1.55B
In 2020 the top import origins of Nova Scotia were Germany (C$ 1.85B), Belgium (C$ 1.37B), United Kingdom (C$ 716M), United States (C$ 606M), and Cuba (C$ 568M).
In 2020 the top imports of Nova Scotia were Medium Sized Cars (C$ 1.55B), Tanks and other armoured fighting vehicles (C$ 1.16B), Commodities not specified according to kind (C$ 586M), Large Sized Cars (C$ 521M), and Petroleum spirit for motor vehicles (C$ 419M).
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 (0.12), Processed Cereals (0.12), Cement (0.12), and Other Vegetables (0.12).
The highest complexity exports of Nova Scotia according to the product complexity index (PCI) are Rubberworking Machinery (1.72), Lubricating Products (1.51), Gas and Liquid Flow Measuring Instruments (1.43), Musical Instrument Parts (1.31), and Other Heating Machinery (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 (175), Animal or Vegetable Fertilizers (117), Gypsum (98.3), Frozen Fruits and Nuts (85.1), and Molluscs (72).
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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