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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

September 03, 2020
NOVA SCOTIA - INTERNATIONAL MERCHANDISE TRADE JULY 2020

Year-over-year (July 2020 vs July 2019, customs based, unadjusted)

In July 2020, Nova Scotia  International Merchandise Trade Exports decreased 10.5%  (-$56.3 million)  to $482.0 million. Nine of twelve sectors were in decline.

The largest dollar value decline were in

  • Motor vehicles/Parts (-$18.7 million),
  • Farm, Fishing and Intermediate Food Products (-$17.1 million),  and
  • Forestry/Building/Packaging Materials (-$13.8 million).

  The largest dollar value increases were in

  • Consumer Goods (+$12.2 million) and
  • Energy (+$1.5 million).

 

Year-over-year by Province

In July 2020, Nova Scotia reported a 10.5% decline in merchandise trade exports. Canada reported a 12.5% loss in merchandise trade exports while Prince Edward Island reported the highest increase (16.7%), and Alberta reported the highest decline (36.2%) in merchandise trade exports. 

 

 

TREND NS AND CANADA

 In July 2020 Nova Scotia reported a 10.5% year-over-year decline in merchandise trade exports. This compares to a -21.7% year-over-year decline in June 2020, and a -42.5% year-over-year decline in May 2020.

In July 2020 Canada reported a 12.5% year-over-year decline in merchandise trade exports. This compares to a -20.7% year-over-year decline in June 2020, and a -39.7% year-over-year decline in May 2020.

 

 YEAR-OVER-YEAR EXPORTS BY INTERNATIONAL DESTINATION

 July 2020 and July 2019

 

In North America, trade with

  • United States decreased 6.4% (-$20.9 million)
  • Mexico decreased 59.2% (-$3.7 million)

 

 

In Asia, trade with

  • China decreased 29.4% (-$25.5 million)
  •  Japan down 16.9% (-$2.0 million) 
  •  South Korea down 2.8% (-$0.3 million) 
  •  Hong Kong down 30.4% (-$1.3 million) 
  •  India up 370.7% ($7.7 million) 
  •  Taiwan up 16.6% ($0.3 million)  
  •  Indonesia down 99.5% (-$2.4 million)  
  •  Singapore down 86.1% (-$3.3 million)

In Europe,  trade with 

  • United Kingdom down 53.0% (-$5.6 million)   
  •  Germany down 5.1% (-$0.2 million)   
  •  Italy down 32.7% ($0.6 million)   
  •  France down 14.3% (-$1.3 million)   
  •  Netherlands up 52.3% ($3.4 million)  
  •  Belgium down 12.7% (-$0.6 million)  
  •  Spain down 38.1% (-$2.5 million)  
  • Norway down 12.6% (-$0.4 million)   
  • Switzerland down 28.2% (-$0.3 million) 
  • Russian Federation down 93.4% (-$0.6 million) 

In other countries, trade with 

  • Brazil down $1.1 million 
  • Peru up less than 0.01%
  • Algeria up less than 0.01%   
  • Saudi Arabia up $0.02 million 
  • Turkey up $0.5 million   
  • Iraq up less than 0.01%  
  • Australia down -$2.5 million  
  • Residual up 30.1% $7.0 million  

 

12-10-0119-01 International merchandise trade: Nova Scotia sectors

12-10-0119-01 International merchandise trade: by province and commodity
12-10-0119-01 International merchandise trade: by province and energy commodity
12-10-0119-01 International merchandise trade: by province, commodity, trading partners

Trading partners group 1: All, US, China
Trading partners group 2: Japan et al
Trading partners group 3: UK et al
Trading partners group 4: Mexico et al

 



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