Live lobster still Nova Scotia’s top export to China

Posted on July 01, 2021 | Atlantic Business Magazine | 0 Comments

<strong><img class=”aligncenter size-full wp-image-12294″ src=”https://atlanticbusinessmagazine.ca/app/uploads/2021/06/WaterCooler__Lobster.jpg” alt=”” width=”800″ height=”534″ /></strong>

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<strong>Geography plays a powerful role in determining Atlantic Canada’s trading partners,</strong> but local production and international relations can also affect the trade outlook in any given year. In 2020, while total trade was off, well-known trade relationships of recent years remained, according to available data.<span class=”Apple-converted-space”> </span>

Exact dollar figures can be tricky and, as Statistics Canada reminded us, are often misrepresented given the number of factors at play. Still, it’s not hard to see and appreciate the wealth of cross-border trade between New Brunswick and the United States, for example, or the oil and gas imports to New Brunswick from countries including the U.S., Nigeria, Saudi Arabia and Norway (New Brunswick, in turn, exports refined petroleum products).

Notably, in a year marked by pandemic-related interruptions and tense Canada-China political relations, Nova Scotia’s trade with China lost some ground but not all of the gains made in recent years. In 2010, according to Innovation, Science and Economic Development Canada (ISED), exports from that province to China stood at $69 million total for all industries, then $422 million in 2015 using the same variables. The 2019 high was $999 million. In 2020, the total dropped back to $658 million.<span class=”Apple-converted-space”> </span>

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