Prince Edward Is.

Province in Canada

2019
Economic
Complexity
: -0.18, Rank 4 of 10

Jan 2021
Trade
Exports | Imports
: C$ 115M | C$ 1.51M, 10 of 13 | 11 of 11

Jan 2021
Country
Destination | Origin
: United States | United States , C$ 102M  | C$ 562k

Jan 2021
Product
Exports | Imports
: Other Frozen Vegetables | Acyclic Alcohols , C$ 30M  | C$ 551k

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

Exports: In 2020, Canada's Prince Edward Is. exported C$ 1.51B, making it the 10th largest exporter out of the 13 exporters in Canada. In 2020 the top exports of Prince Edward Is. were Potatoes, prepared, frozen (C$ 376M), Commodities not specified according to kind (C$ 212M), Lobsters (Homarus) frozen (C$ 162M), Potatoes, fresh or chilled except seed (C$ 116M), and Parts of turbo-jet or turbo-propeller engines (C$ 63.8M).

Imports: In 2020, Canada's Prince Edward Is. imported C$ 67.6M, making it the 10th largest importer out of the 13 importers in Canada. In 2020 top imports of Prince Edward Is. were Diammonium phosphate, in packs >10 kg (C$ 10.6M), Nitrogen-phosphorus-potassium fertilizers, pack >10kg (C$ 8.03M), Urea, including aqueous solution in packs... (C$ 6.59M), Ammonium nitrate limestone etc mixes, pack... (C$ 6.37M), and Commodities not specified according to kind (C$ 5.59M).

Economic Complexity: In 2019, the highest complexity exports of Prince Edward Is. according to the product complexity index (PCI) are Thermostats (1.21), Laboratory Reagents (0.88), Organo-Sulfur Compounds (0.87), Trailers (0.83), and Industrial Food Preperation Machinery (0.78). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Comparison in Time

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Flow
Value

This section shows the differences between Prince Edward Is.'s total subnational aggregate trade throughout time. To explore the trade patterns of the country, visit Canada's country profile.

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Yearly Exports

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Value
Depth

Top Destination (2020): United States, C$ 1.19B

Top Product (2020): Potatoes, prepared, frozen, C$ 376M

In 2020 the top export destinations of Prince Edward Is. were United States (C$ 1.19B), Belgium (C$ 47.6M), France (C$ 36.3M), China (C$ 24.9M), and Japan (C$ 21.2M).

In 2020 the top exports of Prince Edward Is. were Potatoes, prepared, frozen (C$ 376M), Commodities not specified according to kind (C$ 212M), Lobsters (Homarus) frozen (C$ 162M), Potatoes, fresh or chilled except seed (C$ 116M), and Parts of turbo-jet or turbo-propeller engines (C$ 63.8M).

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Exports Dynamics

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Fastest Growing Exports Destination (Jan 2020 - Jan 2021)

Rapidly Declining Export Origins (Jan 2020 - Jan 2021)

Yearly Imports

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Value
Depth

Top Origin (2020): Russia, C$ 21M

Top Import (2020): Diammonium phosphate, in packs >10 kg, C$ 10.6M

In 2020 the top import origins of Prince Edward Is. were Russia (C$ 21M), United States (C$ 20M), Netherlands (C$ 8.64M), Canada (C$ 4.58M), and Morocco (C$ 3.95M).

In 2020 the top imports of Prince Edward Is. were Diammonium phosphate, in packs >10 kg (C$ 10.6M), Nitrogen-phosphorus-potassium fertilizers, pack >10kg (C$ 8.03M), Urea, including aqueous solution in packs... (C$ 6.59M), Ammonium nitrate limestone etc mixes, pack... (C$ 6.37M), and Commodities not specified according to kind (C$ 5.59M).

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Economic Complexity

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Economic Complexity of Canada

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Prince Edward Is. ranks 4th 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 4th 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 (0.051), Non-fillet Fresh Fish (0.049), Horses (0.049), Legumes (0.048), and Non-fillet Frozen Fish (0.047).

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 Thermostats (1.21), Laboratory Reagents (0.88), Organo-Sulfur Compounds (0.87), Trailers (0.83), and Industrial Food Preperation Machinery (0.78). 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 (422), Potatoes (213), Crustaceans (84.5), Molluscs (70.6), and Frozen Fruits and Nuts (60.2).

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 ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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Depth
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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.