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July 06, 2017NOVA SCOTIA - INTERNATIONAL MERCHANDISE TRADE MAY 2017 CUSTOMS BASIS
Unadjusted
YTD - All merchandise
In Jan-May 2017, Nova Scotia merchandise trade exports increased $17.3 million to $2.179 billion over Jan-May 2016. This is a recent high, but not quite the all time high of $2.37 billion in Jan-May 2014, or the high point in Jan-May 2008 ($2.29 billion) before the slump 2009 to 2013.
YTD - By Sector
In Nova Scotia for January-May 2017, merchandise exports ($2.179 billion) increased over $17 million over the Jan-May 2016 exports ($2.162 billion). Increases in Metal/Mineral products, and Consumer goods were sufficient to offset declines in Energy, Electronics, and Farming/fishing.
Year-to-date (YTD ) results for:
- Energy products have decreased ($38.8 million) from $48.2 million to $9.4 million;
- Farm, fishing and intermediate food products decreased ($18.9 million) from $424.9 million to $406.0 million
- Electronics decreased ($18.9 million) from $75.5 million to $56.6 million;
- Metal/Ores products decreased ($7.1million) from $26.8 million to $19.7 million;
- Machinery/Equipment decreased ($4.1 million) from $50.2 million to $46.1 million;
- Transportation Equipment decreased ($3.2 million) from $26.9 million to $23.7 million;
- Metal/Mineral products increased ($40.5 million) from $105.2 million to $145.7 million;
- Consumer products have increased ($39.4 million) from $462.8 million to $502.2 million;
- Forestry products increased ($17.8 million) from $238.8 million to $256.6 million;
- Motorvehicles/Parts increased ($9.0 million) from $537.4 million to $546.4 million;
- Chemicals, plastics and rubber products have increased ($3.7 million) from $139.3 million to $143.0 million.
YTD by Province
In Jan-May 2017, Newfoundland ranked first among the provinces in growth of domestic exports. Year-to-date exports increased 46.3 per cent over the same period last year. Canadian year to date exports are up 12.3 per cent.
In Jan-May 2017, Nova Scotia ranked ninth from among the provinces in growth of domestic exports. Year-to-date exports increased 0.8 per cent over the same period last year.
SOURCES
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