Current Situation
Growth in non-energy exports abroad of nearly 60 per cent from 2010 to 2019 – driven mainly by seafood and tire manufacturing – has been significant. However, Nova Scotia’s overall exports exhibited little growth in recent years due to declines in natural gas, scrap metals, and forest products. Restrictions in the initial period of the COVID-19 pandemic significantly impacted global trade, with Nova Scotia’s exports declining in 2020. As of 2020, the province's exports of goods and services were valued at $13.2 billion of the $22.8 billion target.
| Year | Amount (Chained 2012 Dollars) | Target |
|---|---|---|
| 1981 | 6667 | 22800 |
| 1982 | 6098 | 22800 |
| 1983 | 6110 | 22800 |
| 1984 | 6840 | 22800 |
| 1985 | 7113 | 22800 |
| 1986 | 8523 | 22800 |
| 1987 | 8617 | 22800 |
| 1988 | 8082 | 22800 |
| 1989 | 8548 | 22800 |
| 1990 | 8604 | 22800 |
| 1991 | 8654 | 22800 |
| 1992 | 9182 | 22800 |
| 1993 | 9433 | 22800 |
| 1994 | 9442 | 22800 |
| 1995 | 9673 | 22800 |
| 1996 | 10558 | 22800 |
| 1997 | 11669 | 22800 |
| 1998 | 11979 | 22800 |
| 1999 | 12468 | 22800 |
| 2000 | 13650 | 22800 |
| 2001 | 14401 | 22800 |
| 2002 | 15338 | 22800 |
| 2003 | 15529 | 22800 |
| 2004 | 16021 | 22800 |
| 2005 | 15813 | 22800 |
| 2006 | 15442 | 22800 |
| 2007 | 16308 | 22800 |
| 2008 | 15735 | 22800 |
| 2009 | 14725 | 22800 |
| 2010 | 15422 | 22800 |
| 2011 | 15187 | 22800 |
| 2012 | 15171 | 22800 |
| 2013 | 15082 | 22800 |
| 2014 | 14381 | 22800 |
| 2015 | 14098 | 22800 |
| 2016 | 13722 | 22800 |
| 2017 | 14171 | 22800 |
| 2018 | 14215 | 22800 |
| 2019 | 14580 | 22800 |
| 2020 | 13163 | 22800 |
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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 the COVID-19 pandemic, declining output of natural gas, forestry as well as several large manufacturing closures and slower global growth.
Deep Dive
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