Canadian number of exporting enterprises up in October 2020

  • World
  • Thursday, 07 Jan 2021

OTTAWA, Jan. 6 (Xinhua) -- The number of exporting enterprises in Canada increased 0.3 percent to 19,258 in October of 2020 from the previous month, according to Statistics Canada on Wednesday.

The increase was mostly observed among medium- and large-sized enterprises. The number of exporters with 50 or more employees rose one percent, while the number of those with fewer than 50 employees edged up 0.1 percent.

Although the value of exports to the United States rose two percent in October on a balance of payments basis, enterprises exported to the country decreased 0.7 percent, the first decline since last April amid the COVID-19 pandemic.

In contrast, the number of firms exporting to the United Kingdom jumped 8.2 percent as a result of more manufacturing exporters. More firms also exported to China and India.

The number of exporting establishments rose in October for a sixth consecutive month, up 0.7 percent to 21,440 firms.

From September to October, the three sectors with the largest increase in the number of exporting establishments were manufacturing with 82; professional, scientific and technical services with 33; and transportation and warehousing 30.

While the COVID-19 pandemic impacted exporters in the services-producing sector more severely than those in the goods-producing sector, several service industries, including transportation and warehousing which jumped 10.9 percent and finance and insurance which rose 9.1 percent, were above their pre-pandemic February level of exporters in October.

Meanwhile, fewer Canadian establishments export aluminum to the United States, more to China and India.

Among all aluminum exporters in October 2020, most establishments (717) sold to the U.S. market. However, this number was down from 775 establishments in October 2019.

After the United States, the next two countries with the most aluminum-exporting establishments in October 2020 were China (35) and India (31).

Unlike the United States, the number of establishments exporting aluminum to China and India was up slightly compared with October 2019.

Canadian aluminum production is a multi-billion dollar business that employs a significant number of workers in the country. In 2019, Canada exported 11 billion Canadian dollars worth of aluminum products. The United States is still the primary destination for Canadian aluminum exports.

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