British Columbia has experienced an increase of nearly fourteen per cent in the amount of exports the Province made in the first six months of 2011, compared to the first six months of 2010, according the Statistics Canada.
“2011 has been an encouraging year for B.C. exports. Every day our province is exporting $88 million worth of goods worldwide, a daily increase of more than $10 million compared with last year.” Commented the Province’s Minister of Jobs, Tourism and Innovation, Pat Bell.
In Statistics Canada’s report it states that British Columbia’s international merchandise exports for the first half of 2011 are worth $15.9 billion, which is close to two billion dollars more than last year’s half-year amount of $14 billion. The largest areas of growth being recorded are Industrial goods, which is up by twenty per cent, Energy projects that increased by seventeen per cent, and Forestry projects, which are up by thirteen per cent. Other areas of gain include agricultural products, fishing products, machinery and equipment and automotive products.
The only areas that decreased are consumer goods, down four per cent and Special transactions trade down one per cent.
The highest increase of international exports was made by Asia, up by 49 per cent. The value of softwood lumber exports being made to Asia are now surpassing the value of exports made to the United States by approximately 6.8 million dollars.
“We’re achieving this growth directly to our ability to diversify B.C.’s export markets. Given the recent economic troubles in the U.S., it is imperative we continue this successful export market development strategy and builds on B.C.’s successes in Asia.” Said Bell.
Exports being made to China have increased by 49 per cent, as well as exports in
Taiwan increasing by 40 per cent, exports to South Korea have going up 35 per cent, and finally, exports to Japan being increased by 11 per cent.