Goal 5

Value of Exports

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

Updated:

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.

year amount
1981 6184
1982 5660
1983 5669
1984 6357
1985 6618
1986 7916
1987 8012
1988 7521
1989 7959
1990 8004
1991 8054
1992 8536
1993 8785
1994 8799
1995 9012
1996 9846
1997 10884
1998 11174
1999 11632
2000 12735
2001 13438
2002 14298
2003 14480
2004 14938
2005 14741
2006 14348
2007 15275
2008 14748
2009 13807
2010 14443
2011 14193
2012 14156
2013 13883
2014 13852
2015 13957

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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