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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

October 06, 2020
NOVA SCOTIA - INTERNATIONAL MERCHANDISE TRADE AUGUST 2020

Year-to-Date (Jan-Aug 2020 vs Jan-Aug 2019,  customs based, seasonally adjusted)

In Jan-Aug 2020 vs Jan-Aug 2019, Nova Scotia  International Merchandise Trade Exports decreased 18.6%  ($777.5 million)  to $3,407.4 million.

The largest dollar value increase was in

  • Metal/Ores ($15.4 million)

 

The largest  declines were in

  • Motor vehicles/Parts(-$226.9 million)
  • Forestry/Building/Packaging Materials(-$160.1 million)
  • Farm, Fishing, Intermediate Food Products(-$153.6 million)
  • Consumer Goods(-$112.4 million)
  • Chemical, plastic, rubber(-$57.1 million)
  • Machinery/Equipment(-$35.4 million)

 

Year to date - By Province (Jan-Aug 2020)

 Nova Scotia reported a 18.6% loss in merchandise trade exports. Canada reported a 15.7% loss in merchandise trade exports. Prince Edward Island reported the only increase (1.8%) while Newfoundland and Labrador reported the highest decline (29.0%). 

 

 

 

TREND NS AND CANADA

 In August 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 July 2020, and a -42.5% year-over-year decline in June 2020.

In August 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 July 2020, and a -39.7% year-over-year decline in June 2020.

 

 YEAR-TO-DATE EXPORTS BY INTERNATIONAL DESTINATION

 Jan-Aug 2020 vs Jan-Aug 2019

 

In North America, exports to

  • United States decreased 14.7% (-$381.6 million)

  • Mexico decreased 50.4% (-$22.4 million)

 

 

In Asia, exports to

  • China decreased 32.6% (-$224.7 million)
  •  Japan  decreased 17.5% (-$11.9 million)
  •  South Korea  decreased 17.7% (-$14.9 million)
  •  Hong Kong  decreased 59.1% (-$34.4 million)
  •  India  increased 49.4% ($11.4 million)
  •  Taiwan increased 9.6% ($1.0 million)
  •  Indonesia  decreased 91.9% (-$14.9 million)
  •  Singapore  decreased 88.6% (-$25.3 million)

In Europe,  exports to

  • United Kingdom  decreased 25.0% (-$15.3 million)
  •  Germany  increased 0.9% ($0.3 million)
  •  Italy  decreased 35.2% (-$4.4 million)
  •  France  decreased 8.8% (-$5.4 million)
  •  Netherlands  increased 17.8% ($9.2 million)
  •  Belgium  decreased 18.1% (-$5.5 million)
  •  Spain  decreased 28.5% (-$9.1 million)
  • Norway increased 5.0% ($0.7 million)
  • Switzerland decreased 33.2% (-$1.9 million)
  • Russian Federation decreased 23.9% (-$0.7 million)

In other countries, exports to

  • Brazil decreased 29.5% (-$3.0 million)
  • Peru increased 67.7% ($0.3 million)
  • Algeria increased 77.8% ($0.0 million)
  • Saudi Arabia increased 127.2% ($0.9 million)
  • Turkey decreased 35.1% (-$1.8 million)
  • Iraq decreased 59.1% (-$2.3 million)
  • Australia decreased 1.5% (-$0.2 million)
  • Residual decreased 10.2% (-$21.9 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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