I thought I would take a look at the changing profile of NB exports over the past 20 years. As we have talked about the refinery expansion skewed everything as it went from $600k sales in 1992 to over $8 billion in 2010. So we need to extract the refinery exports to get a better picture and we still see that pulp, paper and paperboard has declined significantly in relative terms. Oil and gas extraction (McCully and LNG) is now over $500M/year. Sawmills are back to their historical role as as percentage of exports (around 6 percent).
NB Power is exporting less and less power to the states. Aquaculture seems to have stabilized. When the Brunswick Mine closes, you will lose a big chunk of exports. You can see the impact of potash exports on Non-metallic mineral exports.
Of course we do not track services exports in the same way as we track goods exports and so the call centre exports are not shown here.
NB Exports (Percentage of total)
NB Exports – Less Refined Petroleum (% of Total)