Island companies exporting more than ever before
Creating jobs for Islanders -
Prince Edward Island’s only maker of brewing equipment is seeing tremendous benefits from its export activities around the world.
Companies like DME helped Prince Edward Island set a record in 2017 for international exports for the fifth-straight year. Founded in Charlottetown in 1991, the company has since expanded to Abbotsford, B.C. and South Carolina and employs 165 people on the Island.
“We achieved our largest sales year on record at DME in 2017, and 99 per cent of those projects were sent off Island, with more than half going to international clients,” said Peter Toombs, president and CEO of the DME Group,. “Over our 27-year history it has been incredible working with our passionate and skilled team to create a world class product. Being able to manufacture in PEI and export around the world has resulted in DME having a competitive, sought after product in a growing global market.”
Figures released this week by Statistics Canada show the province generated $1.383 billion in exports in 2017, an increase of 4.6 percent over 2016. Food and equipment manufacturing were the big drivers of the increase.
“More and more Island companies are realizing the potential benefits presented by international markets and are finding opportunities to grow, and to increase their bottom lines,” Economic Development and Tourism Minister Chris Palmer said. “Increasing exports have a positive impact on employment and communities, and it gives Islanders more reason to stay on the Island or come back.
“Our government has worked closely with companies all over the Island to help them identify opportunities in new markets, navigate the export business, and connect them with international partners who have an interest in their product,” the minister said. “We are the mighty Island because our small size helps Islanders work well together to make big things happen – and surprise people with what we can achieve from here.”
2017 was also the first time exports to the United States exceeded $1 billion.
The provincial government has a number of supports in place to assist companies who are seeking out new markets outside of Canada including:
- the Grow Export program through Trade Team PEI;
- support for trade missions to potential markets; and
- mentorship to assist companies preparing to move into export markets.
For more information on supports for companies interested in entering an export market, visit www.princeedwardisland.ca/en/topic/trade-and-export .