AlbertaProvince in Canada
2020 Economic Complexity : -0.43, Rank 7 of 10
Dec 2022 Trade Exports | Imports: C$ 15.1B | C$ 3.38B, 2 of 13 | 4 of 12
Dec 2022 Country Destination | Origin: United States | United States , C$ 13.3B | C$ 2.18B
Dec 2022 Product Exports | Imports: Petroleum oils, oils from bituminous minerals, crude | Petroleum spirit for motor vehicles , C$ 9.22B | C$ 778M
Overview This page contains the latest international trade data for Alberta. In December 2022 Alberta was the number 2 in total exports and the number 4 in total imports in Canada.
Exports In 2022, Canada's Alberta exported C$ 204B, making it the 2nd largest exporter out of the 13 exporters in Canada. In 2022 the top exports of Alberta were Petroleum oils, oils from bituminous minerals,... (C$ 131B), Natural gas in gaseous state (C$ 15.7B), Propane, liquefied (C$ 3.99B), Light petroleum distillates nes (C$ 3.38B), and Ethylene polymers and ethylene-alpha-olefin copolymers (C$ 2.71B).
Imports In 2022, Canada's Alberta imported C$ 41B, making it the 4th largest importer out of the 13 importers in Canada. In 2022 top imports of Alberta were Petroleum spirit for motor vehicles (C$ 9.33B), Fixed wing aircraft, unladen weight >... (C$ 1.59B), Maize except seed corn (C$ 497M), Ethyl alcohol and other spirits, denatured (C$ 487M), and Communication apparatus (excluding telephone sets or... (C$ 481M).
Economic Complexity In 2020, the highest complexity exports of Alberta according to the product complexity index (PCI) are Nickel Powder (0.63), Rapeseed Oil (0.47), Particle Board (0.2), Semi chemical Woodpulp (-0.19), and Rapeseed (-0.23). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
December, 2022
Overview In December 2022 Alberta exported C$15.1B and imported C$3.38B, resulting in a positive trade balance of C$11.7B. Between December 2021 and December 2022 the exports of Alberta have increased by $1.16B (8.32%) from C$14B to C$15.1B, while imports increased by C$432M (14.6%) from C$2.95B to C$3.38B.
Trade In December 2022, the top exports of Alberta were Crude Petroleum (C$9.22B), Petroleum Gas (C$1.64B), Wheat (C$309M), Ethylene Polymers (C$307M), and Bovine Meat (C$242M). In December 2022 the top imports of Alberta were Refined Petroleum (C$805M), Planes, Helicopters, and/or Spacecraft (C$196M), Iron Pipes (C$63.1M), Telephones (C$60.9M), and Crude Petroleum (C$59.2M).
Destinations In December 2022, Alberta exported mostly to United States (C$13.3B), China (C$546M), Japan (C$339M), South Korea (C$134M), and Mexico (C$113M), and imported mostly from United States (C$2.18B), China (C$339M), Mexico (C$176M), Germany (C$60.6M), and United Kingdom (C$54.6M).
Growth In December 2022, the increase in Alberta's year-by-year exports was explained primarily by an increase in exports to United States (C$5.53B or 72.4%), Japan (C$108M or 43.5%), and Mexico (C$79.2M or 64.9%), and product exports increase in Crude Petroleum (C$4.01B or 81.1%), Petroleum Gas (C$1B or 98%), and Refined Petroleum (C$156M or 135%). In December 2022, the increase in Alberta's year-by-year imports was explained primarily by an increase in imports from United States (C$588M or 51.4%), China (C$101M or 32.4%), and Mexico (C$48.4M or 42.8%), and product imports increase in Refined Petroleum (C$300M or 79.4%), Electric Generating Sets (C$113M or 2.15k%), and Corn (C$69.8M or 5.83k%).
EXPORT GROWTH (December 2021 - December 2022): C$1.16B, (8.32%)
IMPORT GROWTH (December 2021 - December 2022): C$432M, (14.6%)
This section shows exports and imports data at subnational level for Alberta. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Alberta over time.
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Top Destination (2022): United States, C$ 183B
Top Product (2022): Petroleum oils, oils from bituminous minerals,..., C$ 131B
In 2022 the top export destinations of Alberta were United States (C$ 183B), Japan (C$ 5.14B), China (C$ 5.03B), South Korea (C$ 1.48B), and Mexico (C$ 1.36B).
In 2022 the top exports of Alberta were Petroleum oils, oils from bituminous minerals,... (C$ 131B), Natural gas in gaseous state (C$ 15.7B), Propane, liquefied (C$ 3.99B), Light petroleum distillates nes (C$ 3.38B), and Ethylene polymers and ethylene-alpha-olefin copolymers (C$ 2.71B).
Fastest Growing Exports Destination (Dec 2021 - Dec 2022)
Rapidly Declining Export Origins (Dec 2021 - Dec 2022)
Top Origin (2022): United States, C$ 26.2B
Top Import (2022): Petroleum spirit for motor vehicles, C$ 9.33B
In 2022 the top import origins of Alberta were United States (C$ 26.2B), China (C$ 4.68B), Mexico (C$ 2.09B), Germany (C$ 732M), and Vietnam (C$ 657M).
In 2022 the top imports of Alberta were Petroleum spirit for motor vehicles (C$ 9.33B), Fixed wing aircraft, unladen weight >... (C$ 1.59B), Maize except seed corn (C$ 497M), Ethyl alcohol and other spirits, denatured (C$ 487M), and Communication apparatus (excluding telephone sets or... (C$ 481M).
Fastest Growing Import Origins (Dec 2021 - Dec 2022)
Rapidly Declining Import Origins (Dec 2021 - Dec 2022)
Economic Complexity (2022): -0.43
Alberta ranks 7th out of the 13 provinces in Canada according to ECI.
The Economic Complexity Index, or ECI, is a measure of an economy’s capacity which can be inferred from data connecting locations to the activities that are present in them. For more info about Economic Complexity, visit the Economic Complexity page.
Estimated using exports data.
The economic complexity of a territory can change year to year. Alberta it is in position 7th considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Alberta already has a comparative advantage, are led by Nickel Mattes (0.12), Radioactive Chemicals (0.1), Radioactive Chemicals (0.1), Soybeans (0.093), and Aircraft Launch Gear (0.088).
The highest complexity exports of Alberta according to the product complexity index (PCI) are Nickel Powder (0.63), Rapeseed Oil (0.47), Particle Board (0.2), Semi chemical Woodpulp (-0.19), and Rapeseed (-0.23). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
The most specialized products according to the RCA index are led by Sulphur (25.0), Semi chemical Woodpulp (19.5), Rapeseed (16.8), Rapeseed Oil (15.3), and Particle Board (14.7).
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since Alberta is more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a territory's potential export oppotunities. Relatedness is a predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower emissions. Bubble size corresponds to exports value by year 2020.
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