Overview In June 2021 Nova Scotia exported C$617M and imported C$676M, resulting in a negative trade balance of C$58.5M. Between June 2020 and June 2021 the exports of Nova Scotia have increased by $110M (21.8%) from C$507M to C$617M, while imports decreased by C$-588M (-46.5%) from C$1.26B to C$676M.
Trade In June 2021, the top exports of Nova Scotia were Crustaceans (C$252M), Rubber Tires (C$90.9M), Sawn Wood (C$31.7M), Molluscs (C$25.3M), and Uncoated Paper (C$18.1M). In June 2021 the top imports of Nova Scotia were Cars (C$212M), Armored vehicles (C$64.4M), Refined Petroleum (C$53.8M), Packaged Medicaments (C$42.4M), and Commodities not elsewhere specified (C$33.3M).
Destinations In June 2021, Nova Scotia exported mostly to United States (C$398M), China (C$70.6M), France (C$15.1M), Japan (C$13.5M), and South Korea (C$13.2M), and imported mostly from Germany (C$149M), Belgium (C$84.5M), United Kingdom (C$68.9M), Sweden (C$42.4M), and Slovakia (C$33.1M).
Growth In June 2021, the increase in Nova Scotia's year-by-year exports was explained primarily by an increase in exports to United States (C$81.5M or 25.7%), Belgium (C$5.62M or 162%), and Spain (C$5.22M or 69.5%), and product exports increase in Rubber Tires (C$31.6M or 53.2%), Crustaceans (C$20.1M or 8.64%), and Sawn Wood (C$18.9M or 149%). In June 2021, the decrease in Nova Scotia's year-by-year imports was explained primarily by an decrease in imports from Belgium (C$-619M or -88%), United States (C$-38M or -84%), and Germany (C$-36.6M or -19.8%), and product imports decrease in Armored vehicles (C$-599M or -90.3%), Delivery Trucks (C$-18.8M or -64.3%), and Cars (C$-15.1M or -6.63%).