The energy sector generates 31 per cent of the province's total exports. EDC expects energy exports to grow by 5 per cent next year after declining by 7 per cent this year. "The long-term potential for the province's energy sector remains bright, and the current level of investment should keep production increasing well into the future," said Hall.The industrial goods sector is also important to B.C.'s export picture, making up 20 per cent of the province's total exports. The sector will see growth of 6 per cent growth next year after a disappointing 9 per cent decline this year. "With copper, gold and molybdenum capacity being added to mining output, exports of industrial goods are expected to increase next year," said Hall. "Longer-term projects will also boost the metals sector beyond 2014."
U.S. Housing Boom To Power B.C. Exports To 10 Per Cent Gain In 2013: EDC Forecast
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.