By 2028, New Brunswick will have at least 1,080 firms
participating in foreign export trade.
Firms participating in foreign export trade refers to the number of firms exporting internationally. Foreign export trade both grows New Brunswick’s economy and expands the global market. Greater exports from New Brunswick lead to more production, jobs, and revenue for the province. This in turn leads to a higher GDP, increasing the wealth of the province.
Over the last decade, there has been very little change in the number of New Brunswick businesses participating in foreign markets. The province has not seen any clear, long-term upward or downward trends between 2012 and 2020, during which amounts fluctuated only slightly.
New Brunswick has relied heavily on the exportation of its natural resources. There has been a general decrease within sectors participating in foreign export trade.