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February 07, 2023NOVA SCOTIA INTERNATIONAL GOODS EXPORTS, DECEMBER AND ANNUAL 2022 Year over year (December 2022 vs December 2021, domestic exports on a customs-basis, unadjusted)
Nova Scotia international goods exports were $555.9 million in December 2022, a decline of 1.9% compared to December 2021.
Canada's goods exports were up 10.1%. Prince Edward Island, Nova Scotia, and New Brunswick were the only three province which reported year-over-year declines in December 2022. The largest increases were in Manitoba, Saskatchewan and Newfoundland and Labrador.
Annual (2022 vs 2021, domestic exports on a customs-basis, unadjusted)
In 2022, Nova Scotia's international goods exports totalled $6,585.8 million, up 6.5% compared to 2021. In Canada, international goods exports were up 24.4% with gains in all provinces. The fastest export growth were reported in Alberta, Saskatchewan and New Brunswick, the slowest growth was reported in Nova Scotia.
Among broad product categories, Nova Scotia's 2022 exports growth was most attributable to gains in farm, fishing and intermediate food products as well as consumer goods and forestry products. In percentage terms, the fastest gains for specified categories (excluding special transactions) were in machinery and equipment, metal ores/non-metallic minerals, electronics and electrical equipment, and chemical, plastic and rubber products. All commodity categories have increased with the exception of other transportation equipment, energy, motor vehicles/parts and metal/non-metallic mineral products.
The US is by far Nova Scotia's largest destination for international goods exports. For 2022 compared to 2021, Nova Scotia's exports of goods to the US were up 9.1% to $4,335.7 billion.
China is Nova Scotia's second largest export destination. For 2022 compared to 2021, Nova Scotia exports to China were up 3.4% to $721.4 million.
Following China, the next largest export destinations were France (+17.3% to $126.0 million), South Korea (-7.7% to $120.3 million), the UK (+29.0% to $117.8 million), and the Netherlands (-4.7% to $107.6 million). Among Nova Scotia's major trading partners, the fastest percentage growth in domestic exports was to Indonesia, Singapore, and India.
Nova Scotia's exports to the US accounted for 66.0% of 2022 exports. Massachusetts alone was a larger export destination than China with $806.3 million in shipments in 2022 (-$30.5 million compared to 2021). In 2022, the next largest US state destinations for Nova Scotia exports were: Illinois (+$16.2 million to $513.8 million), South Carolina (+$50.0 million to $439.8 million), Maine (-$5.7 million to $290.2 million), Texas (+$20.4 million to $267.8 million), New York (+$61.6 million to $190.1 million), California (+$8.3 million to $175.4 million), Florida (+$9.3 million to $129.6 million), and Wisconsin (+$38.0 million to $126.5 million). Each of these states would rank above France as an export destination for Nova Scotia goods producers.
Source: Statistics Canada. Table 12-10-0119-01 International merchandise trade by province, commodity, and Principal Trading Partners (x 1,000); Table 12-10-0099-01 Merchandise imports and exports, customs-based, by Harmonized commodity description and coding system (HS) section, Canada, provinces and territories, United States, states (x 1,000)
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