B.C. Exports Hit Record High
By 250 News
Prince George, B.C. With nearly $2.6 billion worth of merchandise and commodities shipped over the first nine months of the year, 2010 has already become a record year for B.C. exports to China.
According to Statistics Canada's latest monthly release on international merchandise trade, $2.597 billion dollars worth of B.C. origin exports were shipped to China between January and September 2010. This surpasses the $2.478 billion record total set over the
entire calendar year of 2009. Year-over-year, the value of B.C. origin exports are up by 39.5 per cent over last year's pace.
Chinese-market export growth is being fuelled in the following sectors:
* Solid wood products - $487 million, up by 94 per cent.
* Pulp and paper products - $893 million, up by 49 per cent.
* Energy products - $530 million, up by 21 per cent.
* Agricultural products - $111 million, up by 399 per cent.
* Fish products - $57 million, up by 8 per cent.
* Machinery and equipment - $75 million, up by 35 per cent.
In 2000, the value of B.C.-origin exports to China was $706 million. That value has risen by 251 per cent to reach 2009's total of $2.478 billion.
Over the past few months, a number of B.C. government officials, have led successful trade missions to China. Forests, Mines and Lands minister Pat Bell recently led a successful forestry trade mission that generated sales of 418 million board feet of lumber.
Transportation and Infrastructure minister Shirley Bond returned from China this week after leading the Pacific Gateway Alliance Trade Mission to Asia to promote the integrated Pacific Gateway transportation network.
British Columbia's gains to China are also being mirrored in its overall international export growth. Over the first nine months of the year, B.C.-origin exports to all countries are worth $21.218 billion up by 12.9 per cent over the same period in 2009.
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