The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
December 05, 2024NOVA SCOTIA INTERNATIONAL GOODS EXPORTS, OCTOBER 2024 Year-over-year (October 2024 vs October 2023, domestic exports on a customs-basis, unadjusted)
Nova Scotia international goods exports were $509.0 million in October 2024, a decrease of 10.4% compared to October 2023.

Canada's goods exports decreased by 0.7% compared to October 2023. Six provinces reported year-over year declines in goods exports in October 2024. New Brunswick reported the largest growth, while Manitoba reported the steepest drop in goods exports (followed by Nova Scotia).

Year-to-date (January-October 2024 vs January-October 2023)
Comparing the first ten months of 2024 to the same period in 2023, Nova Scotia's domestic exports were up 0.9%. Nationally, exports increased 0.6% with gains in six provinces. Prince Edward Island and Newfoundland and Labrador reported the largest gains while Saskatchewan reported the steepest decline in year-to-date goods exports.

Among broad product categories, Nova Scotia's domestic exports grew the most for metal/non-metallic mineral products, chemical/plastic/rubber products and motor vehicles/parts. Shipments of energy (a small value to begin with), farm/fishing/intermediate food products, forestry products, electronics and machinery/equipment were down, as were special transactions.


Note: there has been a substantial revision to Nova Scotia exports of energy products in 2024.
The US is by far Nova Scotia's largest destination for international goods exports. In January-October 2024, Nova Scotia exports to the United States were up 4.7% over January-October 2023, rising to $3,875.5 million.
China is Nova Scotia's second largest export destination and exports decreased 12.6% year-to-date to $594.0 million during January-October 2024.
Among the other significant export destinations, year-to-date exports were up sharply to the Netherlands, Australia, Brazil, Switzerland, and Taiwan. The largest declines in year-to-date exports were to France, Hong Kong, and Spain. In addition, year-to-date exports to Indonesia fell by 60.1% from $20.1 million in January-October 2023 to $8.0 milllion in January-October 2024.



Nova Scotia's exports to the US accounted for 69.7% of exports in January-October 2024. Massachusetts alone was a larger export destination for Nova Scotia goods than China in the first ten months of 2024. Year-to-date exports were up for seven of Nova Scotia's top ten US state destination; year-to-date exports were down to Maine, New York and Florida. There was also a notable decline in Nova Scotia's year-to-date exports to Michgan. The largest dollar value increases were for Texas, Massachusetts, Wisconsin and Illinois.


Source: Statistics Canada. Table 12-10-0175-01 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)
<--- Return to Archive