Goal 5

Value of Exports

Nova Scotia will have increased the total annual value of exports (international and inter-provincial) by 50%.

Updated:

Value of Exports

Current situation

Growth of 24.1 per cent from 2013 to 2015 in non-energy exports abroad – driven mainly by seafood and tire manufacturing – is significant. Nova Scotia’s overall exports however, were flat from 2011 to 2015, due to declining output of natural gas and forest products. As of 2015, the province's exports of goods and services were valued at $14.0 billion and are not currently on track to reach this goal.

yearamount
19816184
19825660
19835669
19846357
19856618
19867916
19878012
19887521
19897959
19908004
19918054
19928536
19938785
19948799
19959012
19969846
199710884
199811174
199911632
200012735
200113438
200214298
200314480
200414938
200514741
200614348
200715275
200814748
200913807
201014443
201114193
201214156
201313883
201413852
201513957

What this means

Growth in Nova Scotia exports has been hampered by declining output of natural gas at Sable Island and smaller than expected reserves at Deep Panuke, as well as several large manufacturing closures and the high Canadian dollar. However, the more positive numbers in non-energy exports show considerable strength in the markets for seafood and other farm and processed food products and steady growth in tire exports. Growth in these other export areas has offset the decline in energy exports considerably. Without it, Nova Scotia’s exports overall would have declined.

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