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July 06, 2018NOVA SCOTIA - INTERNATIONAL MERCHANDISE TRADE MAY 2018 Year-to-Date (Jan-May 2018 vs. Jan-May 2017, customs-based, unadjusted)
In Jan-May 2018, Nova Scotia merchandise trade exports increased $200.2 million (9.4 per cent) over Jan-May 2017 to $2.3 billion.
YTD - By Sector
Comparing Nova Scotia's exports for Jan-May 2018 with the same period in 2017, the largest dollar value increase were in forestry (+$64.8 million), consumer goods (+$51.3 million), and Metal/Mineral Products (+$25.4 million). Energy products were up $12.9 million, but now make up a relatively small portion of Nova Scotia's exports.
On a year-to-date basis, exports values increased in:
- Forestry products and building and packaging materials by 25.3% ($64.8 million)
- Farm, fishing and intermediate food products by 4.1% (+$16.9 million)
- Metal and non-metallic mineral products by 32.3% ($25.4 million)
- Basic and industrial chemical, plastic and rubber products by 12.6% (+$18.0 million)
- Motor vehicles and parts by 0.8% (+$4.5 million)
- Consumer goods by 10.2% (+$51.3 million)
- Energy products by 169.7% (+$12.9 million)
- Metal/Ores by 33.5% (+$6.6 million)
- Electronic and electrical equipment and parts by 2.7% (+$1.5 million).
In Jan-May 2018, the United States share of Nova Scotia domestic exports declined 4 points to 64% over the same period last year.
In Jan-May 2018, the China share of Nova Scotia domestic exports increased 2 points to 13% over the same period last year.
YTD by Province
In Jan-May 2018, Newfoundland and Labrador reported the highest increase (+18.2%) in merchandise trade exports over Jan-May 2017. Nova Scotia reported a +9.4% gain in merchandise trade exports. The Canadian average was a 1.6% increase in merchandise trade exports over Jan-May 2017. Exports were down in Ontario (-3.3%) and Prince Edward Island (-4.9%) over the same period last year.
Excluding energy exports, Manitoba reported the fastest growth at 10.0%, followed by Nova Scotia at 8.9%. Newfoundland and Labrador's non-energy exports were down 25.0% while Ontario, Saskatchewan and Prince Edward Island were down 3.5%, 4.1% and 4.9% respectively.
Statistics Canada.
Table 12-10-0001-01 International merchandise trade by commodity (x 1,000,000)
12-10-0002-01 International merchandise trade by province and commodity (x 1,000,000)
12-10-0012-01 International merchandise trade by province, commodity, and Principal Trading Partners (x 1,000)
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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