In the motor vehicles and parts sector, export growth from Canada is due to strong prices and an upswing in demand from U.S. consumers and businesses for heavy trucks and SUVs. According to Export Development Canada, this sector’s exports will grow ten per cent this year and a further two per cent next year.
Forestry is Nova Scotia’s third-largest exporting sector. While exports will see a four per cent decline this year, 2017 will see them grow by seven per cent. This is partly due to the resolution of a trade issue with the U.S. government on newsprint exports.
“U.S. demand for Nova Scotia’s traditional exports is strong, but don’t count out Asia and emerging markets all over the world.’
Nova’s Scotia’s export picture presents enticing export opportunities for companies.