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Saturday, October 08, 2005

Booming world economy leads to record year for Alberta exports

Edmonton...Alberta's exports of goods and services reached a record high of $73.2 billion in 2004. The banner year for exports reflects an increase of nearly 16 per cent over 2003.

The increase is largely due to a booming world economy, which saw its highest rate of growth in 28 years. The high rate of growth has spurred increases in both commodity prices and export volumes.

"Growth in exports means more jobs and more jobs mean a higher quality of life for Albertans," said Clint Dunford, Minister of Economic Development. "I'm especially pleased with the growth in Alberta's manufacturing exports which were up 22 per cent."

Out of 183 importing countries, the U.S. remained Alberta's largest trading partner in 2004 importing $59 billion worth of goods. China and Japan rounded out the list of Alberta's top three importers, importing $1.7 billion and $1.2 billion respectively. China surpassed Japan as Alberta's second largest market last year.

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