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%).