Canada's number of exporting enterprises down in September

  • World
  • Wednesday, 25 Nov 2020

OTTAWA, Nov. 24 (Xinhua) -- The number of Canadian enterprises that exported goods edged down 0.6 percent from August to 19,111 in September after four consecutive monthly rises, according to Statistics Canada on Tuesday.

However, the number of small-sized exporting enterprises has continued to rise since April with a slight increase of 0.1 percent from August to September.

This increase was more than offset by the decline in medium and large-sized exporters which fell 2.5 percent and 1.9 percent respectively.

Despite the slight overall decline in the number of exporting enterprises, the number of firms that exported to some major European trading partners rose significantly in September amid continued job recoveries.

The increases in September brought the number of Canadian enterprises that exported to major European trading partners such as Germany, the Netherlands, and Belgium to their highest level for any month in 2020.

The impacts of COVID-19 on the number of exporting establishments continued to be more pronounced in the services-producing sector-despite the 1.7 percent increase in September.

On the other hand, the number of exporters in the goods-producing sector was down for the first time since April, falling 0.9 percent from August.

In April, when the impacts of COVID-19 on the economy were at a peak, there were nearly 6,000 fewer exporting establishments that sold goods abroad compared with April 2019.

In September, the gap was reduced by more than half; 2,723 fewer exporters were recorded compared with the same period in 2019.

The reduction in this gap was partially attributable to more establishments exporting agricultural products such as potatoes, rape or colza seeds, tomatoes, oilseeds, and corn this September compared with September 2019.

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