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

October 04, 2019
NOVA SCOTIA - INTERNATIONAL MERCHANDISE TRADE AUGUST 2019

Year-to-Date (Jan-Aug 2019 vs. Jan-Aug2018, customs-based, unadjusted)

In Jan-Aug 2019, Nova Scotia International Merchandise Trade Exports increased 6.6% ($256.2 million) over Jan-Aug 2018, to $4.2 billion.

YTD - By Sector

Comparing Nova Scotia's exports for Jan-Aug 2019 with the same period last year the largest dollar value increases were in Farm, Fishing & Inter. Food ($145.7 million), Consumer Goods ($86.2 million), Machinery/Equipment ($54.1 million). The largest dollar value decreases were in Forestry/Building/Packaging Materials ($65.5 million), Metal/Mineral Products ($20.7 million), and Energy ($19.8 million).

 

On a year-to-date basis, export values increased in

  • Machinery/Equipment by 68.9% ($54.1 million)
  • Metal/Ores by 37.3% ($16.5 million)
  • Transportation Equipment by 21.3% ($7.7 million)
  • Farm, Fishing & Inter. Food by 19.5% ($145.7 million)
  • Consumer Goods by 8.5% ($86.2 million)
  • Electronics by 8.5% ($9.1 million)
  • Special Transactions by 5.7% ($2.1 million)
  • Motor vehicles/Parts by 4.6% ($40.0 million)
  • Chemical, plastic, rubber by 0.4% ($0.8 million)

and export values decreased in

  • Forestry/Building/Packaging Materials by 11.5% (-$65.5 million)
  • Metal/Mineral Products by 13.4% (-$20.7 million)
  • Energy by 60% (-$19.8 million)

 YTD by Province

In Jan-Aug 2019, Prince Edward Island reported the highest increase (12.1%), while New Brunswick reported the highest decline (9.8%) in merchandise trade exports over Jan-Aug 2018. Nova Scotia reported a 6.6% gain in merchandise trade exports. Canada reported a 1.2% gain in merchandise trade exports over Jan-Aug 2018.

Excluding energy exports, Newfoundland and Labrador reported the highest increase (47.1%) while British Columbia reported the highest decline (8.4%) in Non-energy exports over Jan-Aug 2018. Nova Scotia reported a 7.1% gain in Non-energy exports. Canada reported a 1.7% gain in Non-energy exports over Jan-Aug 2018.

.

 

 

 YTD EXPORTS BY INTERNATIONAL DESTINATION

  

All countries

Nova Scotia’s trade continues to diversity. 

 

In Nova Scotia Jan-Aug 2019, international export trade to all countries increased 6.6% to $4,154.5 million over Jan-Aug 2018.

  • Consumer Goods led the way with a value of $1,096.1 million (26 % share), followed by
  • Motor vehicles/Parts with a value of $903.2 million (22 % share),
  • Farm, Fishing & Inter. Food with a value of $893.6 million (22 % share),
  • Forestry/Building/Packaging Materials with a value of $505.6 million (12 % share),
  • Chemical, plastic, rubber with a value of $216.6 million (5 % share),
  • Metal/Mineral Products with a value of $133.4 million (3 % share),
  • Machinery/Equipment with a value of $132.6 million (3 % share),
  • Electronics with a value of $116.3 million (3 % share),
  • Metal/Ores with a value of $60.9 million (1 % share),
  • Transportation Equipment with a value of $43.9 million (1 % share),
  • Special Transactions with a value of $39.1 million (1 % share), and,
  • Energy with a value of $13.2 million (> 1 % share),

 

In the period Jan-Aug 2018 vs Jan-Aug 2019, year-to-date export trade to the United States increased 6.2% ($151.7 million) to $2,603.6 million.  The United States share of total Nova Scotia exports was 62.7%.

 

Year-to-date export trade to China increased 23.1% ($124.6 million) to $663.0 million. China's share of total Nova Scotia exports was 16.0%.

 

Year-to-date export trade to selected Asia countries (excluding China) increased 2.4% ($6.7 million) to $286.3 million.  Japan up $1.7 million   to $65.9 million;  South Korea up $14.4 million   to $84.1 million;  Hong Kong up $3.1 million   to $58.1 million;  India up $2.0 million   to $23.2 million;  Taiwan down -$6.5 million to $10.3 million;  Indonesia down $18.8 million   to $16.2 million;  Singapore up $10.82 million   to $28.6 million; Other Major Asian share of total Nova Scotia exports was 6.9%.

Year-to-date export trade to selected Europe countries decreased 5.8% ($15.8 million) to $287.4 million.  United Kingdom up $5.5 million   to $61.3 million;  Germany up $12.9 million   to $39.5 million;  Italy up $2.3 million   to $12.4 million;  France up $11.4 million   to $60.8 million;  Netherlands down $17.2 million to $51.4 million;  Belgium up $6.5 million   to $30.3 million;  Spain down $5.6 million   to $31.9 million; Major European countries share of total Nova Scotia exports was 6.9%

Year-to-date export trade to Other countries decreased -11.9% (-$42.6 million) to $314.0 million. Algeria down $0.6 million   to $0.02 million; Australia down $18.8 million   to $13.1 million; Brazil up $1.4 million   to $10.2 million; Iraq up $0.4 million   to $3.8 million; Mexico down $7.1 million   to $44.6 million; Norway up $2.0 million   to $14.1 million; Peru down $0.4 million   to $0.47 million; Russian Federation up $0.5 million   to $2.9 million; Switzerland up $1.6 million   to $5.8 million; Saudi Arabia down $1.3 million   to $0.7 million; Turkey down $11.7 million   to $5.0 million; Residual down $8.5 million   to $213.3 million. Other countries share of total Nova Scotia exports was 7.6%.

 

Statistics Canada Links

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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