Although the value of Alberta’s goods exports fell sharply by 37% between 2008 and 2009 as a result of the global recession, 2010’s value of $77.8 billion was still 41% higher than the $55.3...
Description
Although the value of Alberta’s goods exports fell sharply by 37% between 2008 and 2009 as a result of the global recession, 2010’s value of $77.8 billion was still 41% higher than the $55.3 billion in exports of 2000. Most of the growth over the 10-year period was the result of a 58% jump in energy exports, as both prices and volumes of crude oil grew strongly over that period. In fact, all of the $22.5 billion increase in the value of total goods exports from 2000 to 2010 was accounted for by the $24 billion increase for crude oil. While natural gas was the largest export commodity during the first half of the period, its exports have fallen sharply since 2005. Manufacturing and agricultural exports grew by 13% and 23%, respectively, between 2000 and 2010.