Where in the World is New Brunswick?
Gasoline & medium oils bound for Maine and Massachusetts lead the way; lobsters and lumber trail behind in a province dependent on the U.S. for 90 per cent of its export market
In 2024, Massachusetts bought $2 billion of gasoline from New Brunswick, Belgium bought just under $667,000 live eels and someone on the Polynesian island of Niue bought $77 worth of specialized paper products.
As New Brunswick businesses, families and the provincial government prepare American tariffs of 25 percent on all Canadian imports, scheduled to begin April 2, 2025, Iām diving into the trade numbers to see precisely where and what New Brunswick buys and sells with the world.1
Last year, the province exported $17.5 billion of goods to 149 countries, which on paper looks great.
However, 90 percent of those exports went to the United States, and of that, Massachusetts and Maine accounted for 60 percent of all New Brunswick exports to its southern neighbour.
New Brunswick might be exporting, but most of its products arenāt travelling far.
New Brunswick sold $9.4 billion of goods to Massachusetts and Maine in 2024, but it was far from diversified.
Energy exports, most notably gasoline and oils, undoubtedly from the Irving Oil refinery in Saint John, account for the majority, as these two lists illustrate.
New Brunswick light oils (gasoline) exports to Massachusetts and Maine, 2024
Massachusetts ā $2 billion
Maine ā $1.9 billion
Total ā $3.9 billion
New Brunswick medium oils* (industrial use) exports to Massachusetts and Maine, 2024
Massachusetts ā $1.4 billion
Maine ā $1.4 billion
Total ā $2.8 billion
*Medium oils are used for power generation, in industrial processes and as lubricants.
Together, oils and gasoline account for 72 percent of New Brunswick exports to Massachusetts and Maine and 43 percent of all U.S.-bound exports.
That means as Irving Oilās fortunes go, so too will New Brunswickās as the province and the country negotiate a new trade reality with the American government.
Here is a breakdown of New Brunswick's top 25 product exports to the U.S. in 2024, which account for $14.2 billion in total U.S.-bound exports of $15.8 billion. Thatās 90 percent of all U.S. exports, led by oil and gas.
Oil and gas products ā $10.3 billion
65.5% of all U.S.-bound exports
Light oils (gasoline) ā $4.85 billion
Medium oils & lubricants ā $4.2 billion
Petroleum bitumen ā $828 million
Natural gas ā $297 million
Petrochemicals ā $169 million
Seafood ā $1.4 billion
8.9% of all U.S.-bound exports
Frozen lobsters ā $527 million
Prepared lobsters ā $360 million
Fresh Atlantic salmon ā $284 million
Frozen crab ā $187 million
Live lobster ā $56 million
Wood products ā $746 million
4.7% of all U.S.-bound exports
Lumber ā $523 million
Oriented strand board ā $89 million
Wood products for home renovations/building ā $76 million
Fibreboard ā $58 million
Paper products ā $479 million
3% of all U.S.-bound exports
Packaging paper ā $275 million
Diapers, tampons & other sanitary products ā $112 million
Corrugated paper ā $91 million
Wood pulp ā $422 million
2.7% of all U.S.-bound exports
Kraft (sulfate process) pulp ā $216 million
Non-kraft process pulp ā $206 million
Potatoes ā $332 million
2.1% of all U.S.-bound exports
Prepared potatoes ā $279 million
Fresh potatoes ā $53 million
The Rest of the Top 25
2.8% of all U.S.-bound exports
Electricity ā $212 million
Peat ā $105 million
Animal feed ā $84 million
Tanks and armoured vehicles ā $49 million
Itās a sobering list. As Canadians consider how to turn away from the United States and towards increasing interprovincial trade and seeking out new markets, it is apparent that New Brunswick has some significant work to do within its borders. It needs to help existing exporters develop new, non-U.S. markets and increase the number of companies and products ready and able to export.
Whether ready or not, New Brunswick businesses are being forced out of their comfort zone. The era of almost exclusive reliance on stable trading between neighbouring states has been disrupted, and change is in the wind.
Next week, Iāll explore where the other 10 percent of New Brunswickās exports are going and what we sell to the rest of the world.
All trade data was drawn from the Government of Canadaās Trade Data Online, a fabulous database of Canadian trade by province, product and industry.