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 in non-energy exports abroad of 44 per cent from 2010 to 2017 – driven mainly by seafood and tire manufacturing – has been significant. However, Nova Scotia’s overall exports exhibited little growth in recent years, due to declining output of natural gas and forest products. As of 2016, the province's exports of goods and services were valued at $13.0 billion of the $21.0 billion target.
 

yearamount
19816191
19825665
19835676
19846358
19856618
19867925
19878013
19887514
19897948
19908002
19918048
19928537
19938772
19948780
19958994
19969818
199710851
199811138
199911592
200012693
200113392
200214253
200314430
200414889
200514688
200614343
200715181
200814648
200913715
201014340
201114115
201214076
201313619
201412836
201513146
201613057

 

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. 

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