Goal 5

Value of Exports

Nova Scotia will have increased the total annual value of exports (international and interprovincial) 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
Current: $13.2B
Baseline: $15.2B
Target: $22.8B
Bands

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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Value of Exports Deep Dive

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