What does Newfoundland and Labrador import and export?

Newfoundland and Labrador primarily exports Natural Resources, including crude oil, minerals, and seafood, which are vital to its economy. The province is known for its significant offshore oil production and has a robust fishing industry, particularly in cod and shellfish. On the import side, Newfoundland and Labrador brings in machinery, vehicles, and manufactured goods, largely to support its industries and meet consumer demand. The balance of trade is heavily influenced by the fluctuating prices of its key exports, especially oil.