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
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.
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).
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).
Fastest Growing Import Origins (April 2019 - April 2020)
Rapidly Declining Import Origins (April 2019 - April 2020)
This section shows differences between total trade from Prince Edward Is. throughout time.
The provinces of Canada with the highest exports in 2019 were Ontario (C$ 371B), Alberta (C$ 221B), Quebec (C$ 158B), British Columbia (C$ 65.5B), and Saskatchewan (C$ 45.7B)
The provinces of Canada with the highest imports in 2019 were Ontario (C$ 559B), Quebec (C$ 122B), British Columbia (C$ 78.3B), Alberta (C$ 46.4B), and Manitoba (C$ 40.2B)
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.
Prince Edward Is. ranks 3rd out of the 13 provinces in Canada according to ECI.
Estimated using exports data.
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.
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).
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.
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.
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.
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