Overview: In January 2021 Saskatchewan exported C$2.71B and imported C$745M, resulting in a positive trade balance of C$1.97B. Between January 2020 and January 2021 the exports of Saskatchewan have increased by $346M (14.6%) from C$2.36B to C$2.71B, while imports decreased by C$-229M (-23.5%) from C$974M to C$745M.
Trade: In January 2021, the top exports of Saskatchewan were Crude Petroleum (C$492M), Potassic Fertilizers (C$440M), Wheat (C$427M), Rapeseed (C$351M), and Dried Legumes (C$197M). In January 2021 the top imports of Saskatchewan were Pesticides (C$43.6M), Specialized Vehicles (C$26M), Trailers (C$25.3M), Tractors (C$25M), and Harvesting Machinery (C$24.5M).
Destinations: In January 2021, Saskatchewan exported mostly to United States (C$1.23B), China (C$506M), Japan (C$99.4M), Indonesia (C$74.7M), and Mexico (C$71.4M), and imported mostly from United States (C$604M), China (C$32.6M), Mexico (C$21.2M), Germany (C$19.5M), and Japan (C$10.7M).
Growth: In January 2021, the increase in Saskatchewan's year-by-year exports was explained primarily by an increase in exports to China (C$277M or 121%), Algeria (C$64.5M or 17.7k%), and Morocco (C$39.8M or 268%), and product exports increase in Wheat (C$142M or 49.7%), Rapeseed (C$109M or 45.1%), and Soybeans (C$88.8M or 261%). In January 2021, the decrease in Saskatchewan's year-by-year imports was explained primarily by an decrease in imports from United States (C$-235M or -28%), South Korea (C$-8.85M or -80.2%), and Germany (C$-3.52M or -15.3%), and product imports decrease in Crude Petroleum (C$-145M or -98.5%), Gas Turbines (C$-23.7M or -73.8%), and Delivery Trucks (C$-21.9M or -55.4%).