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.
Overview: In January 2021 Prince Edward Is. exported C$115M and imported C$1.51M, resulting in a positive trade balance of C$113M. Between January 2020 and January 2021 the exports of Prince Edward Is. have decreased by $-706k (-0.61%) from C$116M to C$115M, while imports decreased by C$-5.18M (-77.4%) from C$6.69M to C$1.51M.
Trade: In January 2021, the top exports of Prince Edward Is. were Other Frozen Vegetables (C$30M), Crustaceans (C$16.3M), Commodities not elsewhere specified (C$12.8M), Potatoes (C$11.9M), and Gas Turbines (C$10M). In January 2021 the top imports of Prince Edward Is. were Acyclic Alcohols (C$551k), Nucleic Acids (C$231k), Other Sugars (C$163k), Other Organic Compounds (C$127k), and Chlorides (C$110k).
Destinations: In January 2021, Prince Edward Is. exported mostly to United States (C$102M), China (C$3.19M), Germany (C$1.83M), Brazil (C$775k), and France (C$736k), and imported mostly from United States (C$562k), Israel (C$551k), Japan (C$164k), Poland (C$126k), and United Kingdom (C$60.5k).
Growth: In January 2021, the decrease in Prince Edward Is.'s year-by-year exports was explained primarily by an decrease in exports to Belgium (C$-4.35M or -95.5%), France (C$-2.63M or -78.1%), and Germany (C$-1.47M or -44.5%), and product exports decrease in Other Frozen Vegetables (C$-3.37M or -10.1%), Commodities not elsewhere specified (C$-3.28M or -20.3%), and Frozen Fruits and Nuts (C$-1.58M or -45.2%). In January 2021, the decrease in Prince Edward Is.'s year-by-year imports was explained primarily by an decrease in imports from India (C$-115k or -99.6%) and Germany (C$-57.9k or -96.1%), and product imports decrease in Nitrogen Heterocyclic Compounds (C$-131k or -98.5%), Plastic Lids (C$-83.1k or -91.3%), and Nucleic Acids (C$-19.7k or -7.89%).
EXPORT GROWTH (January 2020 - January 2021): C$-706k, (-0.61%)
IMPORT GROWTH (January 2020 - January 2021): C$-5.18M, (-77.4%)
This section shows exports and imports data at subnational level for Prince Edward Is.. 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 Prince Edward Is. over time.
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.
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).
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).
Prince Edward Is. ranks 4th 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 4th 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 (0.051), Non-fillet Fresh Fish (0.049), Horses (0.049), Legumes (0.048), and Non-fillet Frozen Fish (0.047).
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.
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.
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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