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Alberta’s merchandise exports fell sharply in 2015 because of lower oil and gas prices

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In 2015, the value of Alberta’s merchandise exports fell sharply by 24% to $92.3 billion as a result of much lower prices for oil and gas.

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Alberta’s merchandise exports fell again in 2016 because of lower oil and gas prices

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After a 24% drop in 2015, the value of Alberta’s merchandise exports fell by a further 14.6% in 2016 to $78.9 billion as much lower prices for oil and gas led to lower export revenues for oil and... More ≫

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After a 24% drop in 2015, the value of Alberta’s merchandise exports fell by a further 14.6% in 2016 to $78.9 billion as much lower prices for oil and gas led to lower export revenues for oil and gas as well as for the manufacturing sectors that depend on the oil and gas sector.

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Alberta’s manufacturing industry is recovering in 2017

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Alberta’s manufacturing industry was in recession in 2015 and 2016 as a result of the dramatic drop in crude oil prices. Lower oil prices resulted in much lower selling prices of refinery products... More ≫

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Alberta’s manufacturing industry was in recession in 2015 and 2016 as a result of the dramatic drop in crude oil prices. Lower oil prices resulted in much lower selling prices of refinery products and caused oil and gas companies to drastically lower their capital spending which translated into reduced demand for machinery and equipment produced by Alberta’s industrial machinery and fabricated metals sectors. As Alberta is emerging from its recession this year so is its manufacturing industry.

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How are low oil prices affecting Alberta’s manufacturing industry?

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Revenues in Alberta’s manufacturing industry were on a downward trend in 2015. Most of this decline can be traced back to those manufacturing sectors that are closely tied to the oil and gas... More ≫

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Revenues in Alberta’s manufacturing industry were on a downward trend in 2015. Most of this decline can be traced back to those manufacturing sectors that are closely tied to the oil and gas sector. Sharply lower sales in manufacturing’s largest sector, refined petroleum products, are especially impacting overall manufacturing revenues, but sectors that provide oil and gas field machinery and equipment have also been hurt.

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