Oil Salvages Falling NB Exports

Export Trends
David Campbell - DavidWCampbell.com
August 2, 2008
If Kirk MacDonald was still the BNB Minister he would be bragging in great detail about the 20% rist in the $$ amount of exports in the first 5 months of 2008 versus the same period last year. Billion with a 'b' he would say. But a Minister that can see more than one number on a page would see that overall exports less the SJ refinery - are down 15% year over year continuing a distrubing recent trend. On a category basis, it is no surprise that forestry continues to be hit (alothough pulp exports are actually up. If you add up all the export categories in the Top 25 that are wood related, you will see there has been a $253 million drop in the value of wood product exports in just the first five months of the year. For anyone that thinks the forestry industry can just go away without much impact, these figures should be sobering. Eight of the top 25 exports from New Brunswick are wood-based.
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