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June 07, 2022NOVA SCOTIA INTERNATIONAL GOODS EXPORTS, APRIL 2022 TREND (Year over year, customs-basis, unadjusted)
Nova Scotia international merchandise exports were $550.7 million in April 2022, an increase of 8.4% compared to April 2021. Canada merchandise exports increased 32.4% compared to April 2021.
International merchandise exports were higher in all provinces in April 2022. The largest increases were in Alberta and British Columbia and the smallest in Nova Scotia.
Year-to-Date by Province (January-April 2022 vs January-April 2021, customs-basis, unadjusted)
Nova Scotia's exports totalled $2,044.6 million over the first four months of the year. Year-to-date exports are up 11.4% in Nova Scotia and 24.4% in Canada. The fastest growth has been in Alberta, New Brunswick, British Columbia and Saskatchewan. The slowest growth has been in Manitoba.
Excluding energy exports, year-to-date exports are up 11.6% in Nova Scotia and 9.9% in Canada. The fastest growth in non-energy exports has been from New Brunswick (+27.4%), Prince Edward Island (+24.1%) and Saskatchewan (+16.3%). Non-energy exports have declined in Newfoundland and Labrador (-10.1%).
Nova Scotia Year-to-Date by Sector (January-April 2022 vs January-April 2021, customs-basis, unadjusted)
The largest dollar increase in year-to-date exports has been farm, fishing and intermediate food products (+$93.1 million, +22.0%). Most commodity categories have increased with declines only in energy and motor vehicle/parts.
Nova Scotia Year-to-Date by Country (January-April 2022 vs January-April 2021, customs-basis, unadjusted)
For January-April 2022 compared to January-April 2021, merchandise exports increased to the United States (+$174.2 million; +14.4%) and declined to China (-$8.1 million; -3.8%).
Exports to the largest Euro Area countries (Germany, Italy, France, Netherlands, Belgium, Spain) and United Kingdom were up significantly compared to last year. Exports to large economies in Asia (Japan, South Korea, Hong Kong, Taiwan, Singapore) have seen smaller growth of 6.2%. Exports to Mexico, and other countries were down compared to January-April 2021.
Statistics Canada. Table 12-10-0119-01 International merchandise trade by province, commodity, and Principal Trading Partners (x 1,000)
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