Nova Scotia

Province 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.

Comparison in Time

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Flow
Value

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.

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Yearly Exports

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Value
Depth

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).

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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): 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).

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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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Nova Scotia ranks 6th 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. Nova Scotia it is in position 6th 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 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).

Most Complex Products by PCI

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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.

Most Specialized Products by RCA Index

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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.

Relatedness Space

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This network shows the products most related to the production structure of  Nova Scotia. These are products that tend to be co-exported with the products that Nova Scotia 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.