Home breadcru News breadcru Association/Org breadcru Enterprises exporting commodities register a drop

Enterprises exporting commodities register a drop

25 Mar '06
3 min read

Profile of Canadian exporters 1993 to 2004 The number of Canadian establishments that export commodities fell for the second consecutive year in 2004, according to the latest version of the Exporter Register. However, the value of their exports went up for the first time since 2000. Some 44,969 establishments exported merchandise, down 1.2% from 2003. The two consecutive declines reversed a long-term series of increases that date back to 1993 when data were first collected. The 2004 level was still 45% higher than in it was in 1993, but only 1.5% higher than in 2000. These establishments exported $378.5 billion in merchandise in 2004, a 9% gain from 2003 and the highest value ever recorded by the register. The increase was the first since 2000 when the value amounted to $378.3 billion. Quebec accounted for 60% of the drop in the number of exporters in 2004, followed by British Columbia, which accounted for 24%, and Manitoba, 15%. Ontario and Newfoundland and Labrador reported marginal increases. In terms of value, exporters from Ontario and Alberta accounted for two-thirds of the gain in the value of exports. Exporters in Quebec represented 10%. On a sector basis, the wholesale trade industry accounted for 48% of the decline in the number of exporters, yet it represented 15% of the increase in the value of exports. The manufacturing sector accounted for almost 42% of the overall drop in the number of exporters. However, that represented a drop of only 1.1% in the number of exporters in manufacturing. The value of exports from the manufacturing sector rose by almost 9%, or $19.9 billion.

Get Free Weekly Market Insights Newsletter

Receive daily prices and market insights straight to your inbox. Subscribe to AlchemPro Weekly!