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October 06, 2020NOVA 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
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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