Forest Products Lead the Way In Exports

By 250 News

Cars loaded with lumber  at the CN Rail yards in Prince George

Victoria, B.C.- Statistics Canada's latest international merchandise trade report brought continued positive news to B.C.'s exporters and manufacturers, as more than $2.3 billion worth of domestic exports shipped internationally during November 2010. This is a 17 per cent or $331-million increase compared with November 2009.  Year-to-date exports total $26.1 billion, a jump of nearly $3.2 billion or 14 per cent over what was exported during the first 11 months of 2009.

Leading the way for British Columbia were exports of forestry products, which totalled nearly $7.8 billion over the first 11 months of 2010, up by 20 per cent over 2009. Energy products were worth more than $7.1 billion, up by 17 per cent. Industrial goods have recorded a 21 per cent gain and are worth $5.3 billion; and exports of agricultural and fishing products total $2.2 billion, a three per cent increase.

The Prince Rupert Port Authority reports their cargo tonnage destined to international markets increased by 28 per cent.

From January to November 2010, B.C.-origin exports to the United States increased by nearly three per cent, to Japan by 18 per cent, to Mainland China by 59 per cent, to South Korea by more than 11 per cent and to Taiwan by 11 per cent. Exports to India increased by almost 80 per cent.

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