• Homepage
  • Background
  • About Us
  • Goal 0: Real GDP Growth
  • Goal 1: Interprovincial Migration
  • Goal 2: International Migration
  • Goal 5: Value of Exports
  • Goal 6: Firms Participating in Foreign Export Trade
  • Goal 7: Labour Force Participation
  • Goal 8: Aboriginal & First Nations Employment Rates
  • Goal 9: Youth Employment
  • Goal 10: Post-Secondary Education & Training
  • Goal 11: Post-Secondary Education Research & Development
  • Goal 14: Tourism Expansion
  • Goal 15: Fisheries & Agriculture
  • Goal 16: Mining in New Brunswick
  • Goal 19: Net Debt-to-GDP Ratio
  • Goal 20: Non-Government Employment
  • Goal 21: Real Non-Residential Private Sector Investment
  • Goal 23: Labour Productivity
  • Goal 24: Forestry in New Brunswick
  • Goal 25: Business and Consumer Confidence *NEW*
  • Contact Us
  • Archive
BOOSTNB
  • Homepage
  • Background
  • About Us
  • Goal 0: Real GDP Growth
  • Goal 1: Interprovincial Migration
  • Goal 2: International Migration
  • Goal 5: Value of Exports
  • Goal 6: Firms Participating in Foreign Export Trade
  • Goal 7: Labour Force Participation
  • Goal 8: Aboriginal & First Nations Employment Rates
  • Goal 9: Youth Employment
  • Goal 10: Post-Secondary Education & Training
  • Goal 11: Post-Secondary Education Research & Development
  • Goal 14: Tourism Expansion
  • Goal 15: Fisheries & Agriculture
  • Goal 16: Mining in New Brunswick
  • Goal 19: Net Debt-to-GDP Ratio
  • Goal 20: Non-Government Employment
  • Goal 21: Real Non-Residential Private Sector Investment
  • Goal 23: Labour Productivity
  • Goal 24: Forestry in New Brunswick
  • Goal 25: Business and Consumer Confidence *NEW*
  • Contact Us
  • Archive
BOOSTNB

Goal 15:
​Fisheries & Agriculture

New Brunswick's seafood and agricultural product
​ exports will be worth $2 billion or more by 2024.


​OVERVIEW

Problem
Over the past ten years the total value of New Brunswick's exports has more than doubled.

Cause
Most of this increase comes from the Seafood Production and Packaging sector, which makes up nearly 70% of the export value in the province, though all sectors have been growing since 2012. These upward trends have put New Brunswick on track to reach the suggested goal of achieving a total domestic export value worth at least $2 billion.
​
Importance
Fisheries and agriculture are both valuable resources to New Brunswick. They both improve food security, increase wealth, provide employment opportunities, and promote economic growth. In addition, sustainable use of these resources preserves the province’s environment and natural resources.

Recommendation
In 2019, New Brunswick's seafood, crop production, and animal production exports were valued at $1.90 Billion—the highest amount on record. Therefore, to promote further progress, it is recommended that New Brunswick aim to increase its seafood and agricultural export value to at least $2 billion by the year 2024.

According to OneNS, the recent growth in Nova Scotia's seafood exports was driven by increasing lobster prices, rather than volume increases. New Brunswick, on the other hand, relies on higher volumes of agricultural exports and has seen improvements in animal production exports due to volume increases coming from aquaculture, or the farming of fish products, rather than price changes. The value of the province’s crop production exports has remained stagnant.
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