Nova Scotia

Overview In August 2024 Nova Scotia exported C$561M and imported C$774M, resulting in a negative trade balance of C$213M. Between August 2023 and August 2024 the exports of Nova Scotia have increased by $38.1M (7.28%) from C$523M to C$561M, while imports decreased by C$-281M (-26.6%) from C$1.05B to C$774M.

Trade In August 2024, the top exports of Nova Scotia were Rubber Tires (C$121M), Crustaceans (C$120M), Molluscs (C$28.3M), Non-fillet Fresh Fish (C$24.2M), and Uncoated Paper (C$22.4M). In August 2024 the top imports of Nova Scotia were Cars (C$254M), Refined Petroleum (C$78M), Commodities not elsewhere specified (C$56.1M), Delivery Trucks (C$27.3M), and Other Construction Vehicles (C$14.7M).

Destinations In August 2024, Nova Scotia exported mostly to United States (C$377M), China (C$62.2M), Netherlands (C$14.1M), France (C$10.2M), and Germany (C$7.66M), and imported mostly from Germany (C$227M), Cuba (C$56M), China (C$55.3M), United Kingdom (C$52.2M), and Belgium (C$46.7M).

Growth In August 2024, the increase in Nova Scotia's year-by-year exports was explained primarily by an increase in exports to Netherlands (C$7.99M or 130%), China (C$6.38M or 11.4%), and Denmark (C$5.51M or 286%), and product exports increase in Rubber Tires (C$9.09M or 8.16%), Vaccines, blood, antisera, toxins and cultures (C$7.24M or 2.17k%), and Fuel Wood (C$6.96M or 874%). In August 2024, the decrease in Nova Scotia's year-by-year imports was explained primarily by an decrease in imports from Germany (C$-103M or -31.3%), United States (C$-63M or -61%), and Netherlands (C$-43.5M or -53.6%), and product imports decrease in Cars (C$-163M or -39%), Refined Petroleum (C$-107M or -57.9%), and Large Construction Vehicles (C$-12.6M or -54%).