Nova Scotia

Overview In January 2024 Nova Scotia exported C$597M and imported C$712M, resulting in a negative trade balance of C$115M. Between January 2023 and January 2024 the exports of Nova Scotia have increased by $59.3M (11%) from C$538M to C$597M, while imports decreased by C$-266M (-27.2%) from C$977M to C$712M.

Trade In January 2024, the top exports of Nova Scotia were Crustaceans (C$137M), Rubber Tires (C$109M), Refined Petroleum (C$38.7M), Molluscs (C$27.6M), and Uncoated Paper (C$24.4M). In January 2024 the top imports of Nova Scotia were Cars (C$239M), Refined Petroleum (C$110M), Delivery Trucks (C$47.6M), Iron Structures (C$38.1M), and Commodities not elsewhere specified (C$17.4M).

Destinations In January 2024, Nova Scotia exported mostly to United States (C$403M), China (C$84M), Iran (C$20M), United Kingdom (C$12.5M), and South Korea (C$8M), and imported mostly from Germany (C$199M), India (C$80M), United States (C$73.4M), United Kingdom (C$62.9M), and Netherlands (C$45M).

Growth In January 2024, the increase in Nova Scotia's year-by-year exports was explained primarily by an increase in exports to United States (C$22.9M or 7.16%), China (C$19.7M or 22.4%), and Denmark (C$5.06M or 348%), and product exports increase in Molluscs (C$14.7M or 92.7%), Crustaceans (C$11.1M or 7.04%), and Fuel Wood (C$5.54M or 970%). In January 2024, the decrease in Nova Scotia's year-by-year imports was explained primarily by an decrease in imports from United States (C$-51.4M or -62.5%), Slovakia (C$-18.3M or -70.7%), and Poland (C$-2.74M or -33.6%), and product imports decrease in Rubber (C$-3.06M or -38.6%), Hot-Rolled Iron Bars (C$-3.02M or -76.2%), and Industrial Food Preperation Machinery (C$-2.56M or -92.6%).