Leader of the pack
P.E.I. expected to see largest growth in exports among the four Atlantic provinces
Tiny P.E.I. will experience the biggest growth in exports in 2015 in Atlantic Canada, according to a semi-annual global export forecast issued by Export Development Canada (EDC).
The Crown corporation says P.E.I. exports will expand by nine per cent in 2015, “driven by the lower value of the Canadian dollar and strengthening global demand for the province’s pharmaceutical chemicals and aerospace parts,” the report says.
The news isn’t as good for Newfoundland and Labrador. Weak commodity prices for oil and minerals will be one of the main reasons the province’s exports are expected to drop by 14 per cent — the worst performance in the region. EDC also forecasts that exports from New Brunswick will decrease by 10 per cent this year, and will increase in Nova Scotia by seven per cent.
What products do the four Atlantic provinces export the most to global markets? What follows is a province-by-province look at their top exports.