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July 03, 2025NOVA SCOTIA INTERNATIONAL GOODS EXPORTS, MAY 2025 Year-over-year (May 2025 vs May 2024, domestic exports on a customs-basis, unadjusted)
Nova Scotia international goods exports were $601.8 million in May 2025, a decline of 6.7% compared to May 2024.
Canada's goods exports declined by 3.0% compared to May 2024. Out of ten provinces, seven reported year-over-year declines. Prince Edward Island, Ontario and Newfoundland and Labrador reported the growth in exports. Manitoba experienced the largest decline.
Year-to-date (January-May 2025 vs January-May 2024)
In the first five months of 2025 domestic exports grew 4.4% in Nova Scotia compared to the same period in 2024. Canada's exports increased 4.8% for January-May 2025, with six provinces reporting gains. Prince Edward Island reported the largest gain while Manitoba reported the steepest decline.
Among broad product categories, Nova Scotia's year-to-date domestic exports grew the most (in value terms) for motor vehicles/parts, chemicals/plastics/rubber products and energy. The largest declines were among shipments of metal ores/non-metallic minerals and consumer goods.
The US is by far Nova Scotia's largest destination for international goods exports. In the first five months of 2025, Nova Scotia exports to the United States were up 5.8% over same period in 2024, rising to $2,049.9 million.
China is Nova Scotia's second largest export destination and exports declined 17.0% to $248.8 million in January-May 2025.
Among the other significant export destinations, year-to-date exports were up sharply to Germany, Hong Kong, Italy and Norway. There were also notably large percentage gains in exports to Algeria and Türkiye, though these started from very low values in 2024. The largest declines in year-to-date exports were to China, the UK, South Korea, Japan, India and Mexico.
Nova Scotia's exports to the US accounted for 71.6% of exports in January-May 2025. Massachusetts and Illinois each had a larger export value than Nova Scotia's shipments to China in the first five months of 2025. Exports were up for six of Nova Scotia's top ten US state destinations; exports were down to Massachusetts, Maine, California and Wisconsin. The largest dollar value increases were for Illinois and South Carolina.
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)
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