PEI Export Growth

PEI is experiencing an exciting period of export growth. International export of goods increased 22 per cent in 2014 to $1.12 billion-the first time our exports surpassed the one-billion-dollar mark. In 2015, we saw a further increase of more than 15 per cent, the fastest growth in the country and a new all-time high.  Frozen foods and seafood products made up almost 36% of total international goods exports. Aerospace manufacturing and repair, one of our fastest growing export sectors makes up 20 percent of exports.

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 helps mitigate risks to our economy and has supported recent growth.  

PEI's Top 10 Export Products 2015
Products  
200410 - Potatoes, Frozen - Prepared/Preserved Without Vinegar/Acetic Acid

$245,198,000

030612 -  Lobsters, (Homarus Spp) - Frozen $130,499,000
070190 - Potatoes - Fresh or Chilled Except Seed $63,158,000
841191 - Parts of Turbo-Jets or Turbo-Propellers $50,671,000
160530 - Lobsters - Prepared or Preserved $48,126,000
841121 - Turbo-Propellers Power Not Exceeding 1,100 Kw $40,718,000
841122 - Turbo Propellers Power Exceeding 1,100 Kw $40,706,000
030731 - Mussels - Live, Fresh or Chilled $37,859,000
382200 - Composite Diagnostic or Laboratory Reagents,Nes (Excl Those from Blood, Antisera and Microbes) $35,718,000
853720 - Boards and Panels (Including Numerical Control Panels) - For Voltage Exceeding 1,000 V $30,247,000
Data Source: Trade Data Online, Statistics Canada and US Census
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PEI's Top 10 Export Markets 2015
Image caption: 
PEI's Top 10 Export Markets 2015
PEI's Top 10 Export Ready Markets 2015
COUNTRY $ (MILLIONS)
United States 804.0
Korea, South 76.0
France (Incl. Monaco, Fr. Antilles) 40.7
Germany 35.1
Japan 31.8
Australia 29.6
United Kingdom 25.6
Papua New Guinea 22.2
Switzerland 17.7
Netherlands 13.6
Others 206.1
Total - ALL 1,302.3
Data Source: Trade Data Online, Statistics Canada and US Census  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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: 
June 30, 2016
Innovation PEI

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