2020 Canadian export trends by size
The containment measures enacted to combat the COVID-19 pandemic was one of the factor that left heavy negative impacts on Canadian exports and other aspects of the Canadian economy in 2020. An interesting feature of the “COVID-19 downturn” is the exceptionally large month to month variation in economic and trade activity, especially in the first half of 2020. Early in the pandemic, both exports value and the number of exporting enterprises suffered greatly, declining 34% and 20%, respectively, between February and April. Starting in May, both exports value and the number of exporters started to recover at a fast pace, and the fast pace of the recovery continued throughout most of summer 2020. Beginning in the fall of 2020, the recovery in exports value and the number of exporters continued but at a slower pace. By the end of the year, exports value has almost reached pre-pandemic (February 2020) level but the number of exporters was still 3.5% below pre‑pandemic level.
- Publisher - Current Organization Name: Global Affairs Canada
- Licence: Open Government Licence - Canada
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