Prince Edward Is.

Province in Canada

Exports (2019): C$ 2.6B, Rnk 10/13

Top Destination (2019): C$ 2.22B, United States

Top Export (2019): C$ 588M, Potatoes, prepared, frozen

Imports (2019): C$ 124M, Rnk 10/13

Top Origin (2019): C$ 91.2M, United States

Top Import (2019): C$ 28.6M, Diammonium phosphate, in packs >10 kg

Economic Complexity (2019): -0.063, Rnk 3 / 13

Overview: This page contains the latest international trade data for Prince Edward Is., including export and import data.

Exports: In 2019, Canada's Prince Edward Is. exported C$ 2.6B, making it the 10th largest exporter out of the 13 exporters in Canada. In 2019 the top exports of Prince Edward Is. were Potatoes, prepared, frozen (C$ 588M), Commodities not specified according to kind (C$ 318M), Lobsters (Homarus) frozen (C$ 287M), Turbo-propeller engines of a power <... (C$ 177M), and Potatoes, fresh or chilled except seed (C$ 140M).

Imports: In 2019, Canada's Prince Edward Is. imported C$ 124M, making it the 10th largest importer out of the 13 importers in Canada. In 2019 top imports of Prince Edward Is. were Diammonium phosphate, in packs >10 kg (C$ 28.6M), Potassium sulphate, in packs >10 kg (C$ 9.98M), Urea, including aqueous solution in packs... (C$ 8.44M), Machinery for treatment by temperature change... (C$ 6.16M), and Nitrogen-phosphorus-potassium fertilizers, pack >10kg (C$ 5.79M).

Economic Complexity: In 2019, the highest complexity exports of Prince Edward Is. according to the product complexity index (PCI) are Valves (1.48), Hormones (1.3), Thermostats (1.15), Lifting Machinery (0.96), and Trailers (0.9). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Yearly Exports

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Value
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Top Destination (2019): United States, C$ 2.22B

Top Product (2019): Potatoes, prepared, frozen, C$ 588M

In 2019 the top export destinations of Prince Edward Is. were United States (C$ 2.22B), Belgium (C$ 36.3M), Australia (C$ 31.2M), Singapore (C$ 28.6M), and China (C$ 26.2M).

In 2019 the top exports of Prince Edward Is. were Potatoes, prepared, frozen (C$ 588M), Commodities not specified according to kind (C$ 318M), Lobsters (Homarus) frozen (C$ 287M), Turbo-propeller engines of a power <... (C$ 177M), and Potatoes, fresh or chilled except seed (C$ 140M).

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Export Dynamics

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Fastest Growing Exports Destination (April 2019 - April 2020)

Rapidly Declining Export Origins (April 2019 - April 2020)

Yearly Imports

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Top Origin (2019): United States, C$ 91.2M

Top Import (2019): Diammonium phosphate, in packs >10 kg, C$ 28.6M

In 2019 the top import origins of Prince Edward Is. were United States (C$ 91.2M), Russia (C$ 15.1M), Netherlands (C$ 4.98M), Germany (C$ 3.5M), and Italy (C$ 2.17M).

In 2019 the top imports of Prince Edward Is. were Diammonium phosphate, in packs >10 kg (C$ 28.6M), Potassium sulphate, in packs >10 kg (C$ 9.98M), Urea, including aqueous solution in packs... (C$ 8.44M), Machinery for treatment by temperature change... (C$ 6.16M), and Nitrogen-phosphorus-potassium fertilizers, pack >10kg (C$ 5.79M).

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Comparison in Time

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This section shows differences between total trade from Prince Edward Is. throughout time.

This section shows forecasts for total exports and imports from Prince Edward Is.. The forecast is based in a Long Short-Term Memory Model constructed using monthly trade data.

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Economic Complexity

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Economic Complexity of Canada

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Prince Edward Is. ranks 3rd out of the 13 provinces in Canada according to ECI.

Estimated using exports data.

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Economic Complexity Ranking

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Scale

The economic complexity of a territory can change year to year. Prince Edward Is. it is in position 3rd considering its ECI in the last year.

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Export Opportunities by Relatedness

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The top export opportunities according to the relatedness level, without considering those products were Prince Edward Is. already has a comparative advantage, are led by Bulbs and Roots (0.059), Salt (0.057), Other Fruits (0.056), Non-fillet Fresh Fish (0.056), and Sowing Seeds (0.056).

Most Complex Products by PCI

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The highest complexity exports of Prince Edward Is. according to the product complexity index (PCI) are Valves (1.48), Hormones (1.3), Thermostats (1.15), Lifting Machinery (0.96), and Trailers (0.9). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Most Specialized Products by RCA Index

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The most specialized products according to the RCA index are led by Other Frozen Vegetables (462), Potatoes (231), Crustaceans (77.9), Molluscs (71.1), and Processed Crustaceans (61.4).

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 Prince Edward Is. 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.

Relatedness Space

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This network shows the products most related to the production structure of  Prince Edward Is.. These are products that tend to be co-exported with the products that Prince Edward Is. exports. Higher relatedness values โ€‹โ€‹indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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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.