Prince Edward Is.Province in Canada
2020 Economic Complexity : -0.35, Rank 6 of 10
Jun 2021 Trade Exports | Imports: C$ 163M | C$ 1.44M, 10 of 13 | 11 of 11
Jun 2021 Country Destination | Origin: United States | United States , C$ 133M | C$ 587k
Jun 2021 Product Exports | Imports: Lobsters (Homarus) frozen | Alcohols: acyclic: halogenated, sulphonated, nitrated or nitrosated derivatives..., C$ 40.1M | C$ 500k
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 2020, the highest complexity exports of Prince Edward Is. according to the product complexity index (PCI) are Nucleic Acids (1.27), Laboratory Reagents (0.88), Trailers (0.83), Industrial Food Preperation Machinery (0.78), and Electrical Control Boards (0.6). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
June, 2021
Overview In June 2021 Prince Edward Is. exported C$163M and imported C$1.44M, resulting in a positive trade balance of C$162M. Between June 2020 and June 2021 the exports of Prince Edward Is. have increased by $29.7M (22.2%) from C$134M to C$163M, while imports decreased by C$-1.68M (-53.9%) from C$3.12M to C$1.44M.
Trade In June 2021, the top exports of Prince Edward Is. were Crustaceans (C$45.8M), Other Frozen Vegetables (C$29.8M), Processed Crustaceans (C$18.8M), Commodities not elsewhere specified (C$13.9M), and Gas Turbines (C$12.2M). In June 2021 the top imports of Prince Edward Is. were Acyclic Alcohols (C$500k), Other Organic Compounds (C$167k), Organo-Sulfur Compounds (C$161k), Chlorides (C$156k), and Plastic Lids (C$138k).
Destinations In June 2021, Prince Edward Is. exported mostly to United States (C$133M), China (C$7.79M), Belgium (C$2.69M), Germany (C$2.62M), and France (C$2.53M), and imported mostly from United States (C$587k), Israel (C$502k), China (C$174k), Poland (C$119k), and Japan (C$22.3k).
Growth In June 2021, the increase in Prince Edward Is.'s year-by-year exports was explained primarily by an increase in exports to United States (C$28M or 26.7%), Russia (C$1.9M or 2.9k%), and Germany (C$1.75M or 201%), and product exports increase in Crustaceans (C$11.8M or 34.5%), Processed Crustaceans (C$11.3M or 152%), and Gas Turbines (C$4.82M or 65.6%). In June 2021, the decrease in Prince Edward Is.'s year-by-year imports was explained primarily by an decrease in imports from United States (C$-1.47M or -71.5%), Germany (C$-605k or -98.4%), and United Kingdom (C$-59.2k or -97.2%), and product imports decrease in Centrifuges (C$-1.28M or -99.4%), Chemical Analysis Instruments (C$-459k or -91.3%), and Nucleic Acids (C$-176k or -94.1%).
EXPORT GROWTH (June 2020 - June 2021): C$29.7M, (22.2%)
IMPORT GROWTH (June 2020 - June 2021): C$-1.68M, (-53.9%)
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.
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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).
Fastest Growing Import Origins (Jun 2020 - Jun 2021)
Rapidly Declining Import Origins (Jun 2020 - Jun 2021)
Economic Complexity (2020): -0.35
Prince Edward Is. ranks 6th 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. Prince Edward Is. it is in position 6th 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 Non-fillet Frozen Fish (0.064), Other Vegetables (0.064), Fish Fillets (0.063), Onions (0.063), and Other Fruits (0.061).
The highest complexity exports of Prince Edward Is. according to the product complexity index (PCI) are Nucleic Acids (1.27), Laboratory Reagents (0.88), Trailers (0.83), Industrial Food Preperation Machinery (0.78), and Electrical Control Boards (0.6). 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 (502.6), Potatoes (314.8), Frozen Fruits and Nuts (108.4), Crustaceans (84.8), and Molluscs (49.9).
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.