PEI Export Growth

PEI continued to experience continued export growth in 2024. Values of international exports expanded to approximately $2.6 billion, a new all-time high. International exports for Prince Edward Island were valued at $218.7 million in December of 2024, 9.4% higher than the same period the prior year. Canadian exports increased 10.4% over the same period. 


Diversification in export products and markets has also become a notable factor of the PEI economy. The ability of Island businesses to innovate, attract investment and enter new markets continues to help mitigate risks to the provincial economy and has supported recent growth.

 

PEI's Top 15 Export Products 2024

Products  
200410 - Potatoes, prepared or preserved other than by vinegar or acetic acid, frozen $714,013,000
030612 - Lobsters, nes, frozen, in shell, including boiled in shell $221,696,000
070190 - Potatoes, fresh or chilled $188,499,000
841191 - Parts of turbo-jets or turbo propellers $133,958,000
382219 - Diag/lab reagents backing kit $107,895,000
160530 - Lobster, prepared or preserved $70,534,000
081190 - Fruits & edible nuts, uncooked, steam or boil in water, sweetened or not, frozen, nes $60,021,000
481920 - Cartons, boxes and cases, folding, or non-corrugated paper or paperboard $43,647,000
300242 - Vaccines, for veterinary medicine $43,382,000
030711 - Oysters, live, fresh or chilled $36,713,000
030731 - Mussels, shelled or not, live, fresh or chilled $36,471,000
841121 - Turbo-propellers, of a power not exceeding 1,100 KW $31,278,000
030614 - Crabs, frozen, in shell or not, including boiled in shell $31,126,000
293090 - Organo-sulphur compounds $30,729,000
200520 - Potatoes, prepared or preserved, not frozen $26,857,000
Total (All Products) 

$2,610,346,000

Source: Trade Data Online (accessed: March 5, 2025)

 

PEI's Top 10 Export Industries 2024

Industries  
31141 - Frozen food manufacturing $774,145,000
31171 - Seafood product preparation and packaging $350,266,000
11121 - Vegetable and melon farming $190,960,000
32541 - Pharmaceutical and medicine manufacturing $165,615,000
33641 - Aerospace product and parts manufacturing $130,920,000
33361 - Engine, turbine and power transmission equipment manufacturing $85,866,000
32519 - Other basic organic chemical manufacturing $60,536,000
11411 - Fishing $57,195,000
32221 - Paperboard container manufacturing $44,743,000
11251 - Aquaculture $36,453,000
Total (All Industries)  $2,610,346,000

Source: Trade Data Online (accessed: March 5, 2025)

 

PEI's Top 10 Export Markets 2024
COUNTRY
United States $1,913,701,000
Germany $52,291,000
Belgium $43,534,000
China $41,533,000
France (Incl. Monaco, French Antilles) $39,339,000
Ireland $25,487,000
Spain $24,966,000
United Kingdom $24,731,000
Australia $24,241,000
Taiwan $22,710,000
Sub-total $2,212,531,000
Others $397,814,000
Total All Countries) $2,610,346,000

Source: Trade Data Online (accessed: March 5, 2025)

You can find additional, searchable year-to-date and historical export statistics by export markets, industries or specific products through the federal government’s Trade Data Online.  

Published date: 
March 5, 2025
Innovation PEI

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Innovation PEI
94 Euston Street
PO Box 910
Charlottetown, PE   C1A 7L9

Phone: 902-368-6300
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innovation@gov.pe.ca