indicatorThe Owl

Energy products drove export growth in August

Most sectors still have large holes to fill with year-to-date sales down in 9 of 12 major export categories

By ATB Economics 6 October 2020 less than a minute

Higher energy exports helped push Alberta’s international merchandise sales up by 5 per cent ($356 million) in August compared to July. (The data are on a customs basis and have not been adjusted for seasonal effects.)

Monthly exports, however, remain below pre-pandemic levels with year-over-year sales down by $2.3 billion (-24 per cent).

Adding up the exports over the first eight months of the year, a $19.8 billion hole still exists compared to where we were last year.

Despite improving by 7 per cent in August, monthly energy exports were down by 31 per cent ($2.2 billion) compared to August 2019 while the year-to-date figure was off by $17.8 billion.

Most sectors still have large holes to fill with year-to-date sales down in 9 of 12 major export categories. Food products are a notable exception with sales up by 6% ($328 million) over the first eight months of the year.

Nationally, exports edged up by 1% in August over July, but were down by 12% on a year-over-year basis.

Alberta’s international merchandise sales were up by 5 per cent ($356 million) in August

Alberta’s international merchandise sales were up by 5 per cent ($356 million) in August


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