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.
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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