Goal 5

Value of Exports

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


People working in an apple orchard picking fruit and placing them into basket. People working in an apple orchard picking fruit and placing them into basket.

Goal Status

donut shaped icon to signify the status of not progressing Not Progressing Not On Track
Baseline: $15B
Current: $15.1B
Target: $22.5B
Bands

Current Situation

Nova Scotia's non-energy international exports grew by nearly 60 per cent from 2010 to 2019 – driven mainly by seafood and tire manufacturing. However, Nova Scotia’s overall exports exhibited little growth in recent years due to declining output of natural gas, scrap metals, and forest products. As of 2019, the province's exports of goods and services (measured in real terms) were $15.1 billion, short of the the $22.5 billion target.

Year Amount (Chained 2012 Dollars) Target
1981 6667 22500
1982 6098 22500
1983 6110 22500
1984 6840 22500
1985 7113 22500
1986 8523 22500
1987 8617 22500
1988 8082 22500
1989 8548 22500
1990 8604 22500
1991 8654 22500
1992 9182 22500
1993 9433 22500
1994 9442 22500
1995 9673 22500
1996 10558 22500
1997 11669 22500
1998 11979 22500
1999 12468 22500
2000 13650 22500
2001 14401 22500
2002 15338 22500
2003 15529 22500
2004 16021 22500
2005 15813 22500
2006 15442 22500
2007 16308 22500
2008 15735 22500
2009 14725 22500
2010 15422 22500
2011 15187 22500
2012 15171 22500
2013 15082 22500
2014 14381 22500
2015 14098 22500
2016 13722 22500
2017 14171 22500
2018 14564 22500
2019 15059 22500

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What This Means

Growth in non-energy exports show considerable strength in the markets for seafood, machinery and equipment, frozen fruit, and steady growth in tire exports. However, growth in Nova Scotia exports has been hampered by declining output of natural gas, forestry as well as several large manufacturing closures and slower global growth.

Deep Dive

Read more detailed information about this goal by clicking 'Deep Dive'

Value of Exports Deep Dive

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