So far this year Prince Edward Island is leading all provinces and territories in export growth.
Through October exports are up 15.5 per cent after a record year for the province in 2014, when the export of goods reached the $1 billion dollar mark for the first time.
Frozen food manufacturing, seafood products and engine, turbine and power transmission equipment manufacturing led all industries in export volume through October.
Significant increases were seen in a number of industries including snack foods, electrical equipment and paper container manufacturing.
For instance, the P.E.I. Bag Company has seen year over year growth of about seven per cent in sales volume compared to 2014
The company produces packaging for the potato, aquaculture and dry goods industries and employs 40 people at its facility in Bedeque.
“We continue to explore new markets for our paper packaging products with focus in the central and mid-west United States," said general manager Thane Smallwood. "We work hard to identify new markets and opportunities, and our employees strive to produce a high quality, competitive product on a daily basis."
P.E.I. Juice Works has seen a 500 per cent increase in sales this year, compared with 2014.
Founded in 2011, the Alberton company produces several varieties of blueberry juice and employs seven people.
General manager Jackson Platts ,says the vast majority of its increase in exports is coming from markets in Asia, specifically China.
"Through networking opportunities, solid marketing, new partnerships and collaboration between industry and various levels of government, we've been able to tap into new markets and vastly expand our business," said Platts.
“Island companies are doing a tremendous job maintaining strength in traditional markets, and capitalizing on new and emerging markets as we track toward another record year for export growth in the province,” said Minister of Economic Development and Tourism, Heath MacDonald.
“We continue to see strength from the Island’s traditionally strong exporters like the agriculture and fishery sectors. But we’re also seeing growth in new and emerging manufacturing sectors that aren’t traditionally associated with exports from our province. It’s a strong sign that our economy is diversifying and Island entrepreneurs are taking advantage of new and emerging markets," he said.