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Global Export Forecast – Fall 2018

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Global Export Forecast
Fall 2018

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Export Outlook by Industry

Canadian goods exports are forecast to follow up last year’s banner performance with another strong 6% expansion in 2018 and 4% in 2019. This year, both commodities and manufactured goods will make strong contributions to the bottom line. Exports of services, of growing importance to the Canadian economy, are forecast to achieve steady growth of 4% this year and next. As has historically been the case, most of Canada’s goods exports will be shipped to developed markets. This said, sales are diversifying as growth of exports to emerging markets will continue to outpace sales to developed markets. This diversification story is occurring across industries.

Provincial Overview

Provincial export growth numbers vary widely in 2018. In 2019, while growth will moderate, all provinces are forecast to enjoy solid export growth gains against the backdrop of a more predictable trading environment with the announcement of the new U.S.-Mexico-Canada Agreement (USMCA).

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Global Export Forecast – Fall 2018 was last modified: November 8th, 2018 by Export Development Canada.