Exports Trend

For those who like data, here is a look at how exports from New Brunswick are holding up. Overall, in the most recent six months, total exports are down 11% – not bad comparatively.  Obviously, the refined oil skews the data.  Without oil, exports are actually up 1%.  You can see what is driving much of the growth.  Seafood is up – so is aquaculture.  Saved by Fish.  It’s nice to see frozen food manufacturing up as well. 

Exports From New Brunswick
September 2007 to February 2008 compared to September 2008 to February 2009

  Sep07/Feb 08 Sep08/Feb 09 % Change
32411 – Petroleum Refineries   3,542,260,848         2,924,719,091 -17%
32212 – Paper Mills      237,969,187            253,725,517 7%
31171 – Seafood Product Preparation and Packaging      206,567,499            253,671,612 23%
32211 – Pulp Mills      248,105,954            249,561,578 1%
21239 – Other Non-Metallic Mineral Mining and Quarrying      142,048,429            169,187,019 19%
32111 – Sawmills and Wood Preservation      107,158,612              99,296,970 -7%
21223 – Copper, Nickel, Lead and Zinc Ore Mining      123,045,579              84,951,453 -31%
31141 – Frozen Food Manufacturing        76,404,315              84,014,649 10%
33149 – Non-Ferrous Metal Rolling, Drawing, Extruding and Alloying      102,513,899              61,447,948 -40%
11251 – Animal Aquaculture        46,291,643              55,581,111 20%
22111 – Electric Power Generation        57,435,822              49,260,888 -14%
11121 – Vegetable and Melon Farming        28,595,221              44,030,674 54%
11411 – Fishing        41,184,515              30,875,869 -25%
32213 – Paperboard Mills        41,620,029              28,728,256 -31%
31212 – Breweries        26,936,959              28,210,412 5%
32121 – Veneer, Plywood and Engineered Wood Product Manufacturing        38,277,392              27,750,795 -28%
33999 – All Other Miscellaneous Manufacturing        29,821,059              26,869,677 -10%
33232 – Ornamental and Architectural Metal Products Manufacturing        12,400,409              23,487,356 89%
32518 – Other Basic Inorganic Chemical Manufacturing        15,464,392              23,260,125 50%
21111 – Oil and Gas Extraction        18,376,720              23,235,112 26%
32221 – Paperboard Container Manufacturing        18,699,955              19,470,117 4%
32229 – Other Converted Paper Product Manufacturing        14,672,403              18,927,573 29%
32512 – Industrial Gas Manufacturing        16,328,207              16,848,912 3%
33699 – Other Transportation Equipment Manufacturing          9,953,216              14,555,011 46%
32619 – Other Plastic Product Manufacturing        13,672,439              13,576,669 -1%
SUB-TOTAL 5,215,804,703 4,625,244,394 -11%
OTHERS      318,811,233            316,559,766 -1%
TOTAL (ALL INDUSTRIES)   5,534,615,936         4,941,804,160 -11%
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4 Responses to Exports Trend

  1. Anonymous says:

    Great to see this data and as you suggest, not as devastating as one might expect.

    Are you familiar with any employment ratios or factors that could be applied to such data. For example, aquaculture would have a high labour intensity factor with the associated support versus say mineral export. I think export data is an excellent indicator of economic efforts but there are certain sectors that would have high employment implications and therefore would be even more meaningful to ED.

  2. I have seen some loose employment ratio data (i.e. Oil & gas refining employs x per $1million in exports while furniture manufacturing employs y per $1million). I don’t have the data at my finger tips but I have said here that we need to understand this dynamic when mapping out economic development strategies.

  3. Anonymous says:

    Can you tell us where you got those statistics and how much the Province of New Brunswick imports?

  4. I got the statistics here:
    http://www.ic.gc.ca/eic/site/tdo-dcd.nsf/eng/home

    And you can also run the export numbers as well. NB did $12.8B in exports last year and had $10.9B in imports. So we have a positive trade balance. However, if out take out oil the picture changes somewhat. New Brunswick imported $7.6B of oil for processing and exported $8.5B of refined oil products.

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