SaskatchewanProvince in Canada
2022 Economic Complexity : -0.67, Rank 9 of 10
Dec 2022 Trade Exports | Imports: C$ 4.24B | C$ 1.1B, 5 of 13 | 7 of 12
Dec 2022 Country Destination | Origin: United States | United States , C$ 2.09B | C$ 881M
Dec 2022 Product Exports | Imports: Potassium chloride, in packs >10 kg | Monoammonium phosphate & mix with diammonium, <=10 kg..., C$ 1.06B | C$ 44.7M
Overview This page contains the latest international trade data for Saskatchewan. In December 2022 Saskatchewan was the number 5 in total exports and the number 7 in total imports in Canada.
Exports In 2022, Canada's Saskatchewan exported C$ 52.4B, making it the 5th largest exporter out of the 13 exporters in Canada. In 2022 the top exports of Saskatchewan were Potassium chloride, in packs >10 kg (C$ 16.3B), Petroleum oils, oils from bituminous minerals,... (C$ 13.3B), Cereals: wheat and meslin, other than... (C$ 2.84B), Oil seeds: low erucic acid rape... (C$ 2.72B), and Vegetable oils: low erucic acid rape... (C$ 2.5B).
Imports In 2022, Canada's Saskatchewan imported C$ 15.1B, making it the 7th largest importer out of the 13 importers in Canada. In 2022 top imports of Saskatchewan were Maize except seed corn (C$ 621M), Combine harvester-threshers (C$ 479M), Trailers for housing or camping (C$ 398M), Monoammonium phosphate & mix with diammonium,... (C$ 372M), and Herbicides, anti-sprouting products and plant-growth regulators (C$ 366M).
Economic Complexity In 2022, the highest complexity exports of Saskatchewan according to the product complexity index (PCI) are Rapeseed Oil (0.36), Rapeseed (-0.091), Oats (-0.13), Semi chemical Woodpulp (-0.18), Linseed (-0.72), Processed Cereals (-0.75), Potassic Fertilizers (-0.79), Other Vegetable Residues (-1.06), Buckwheat (-1.64), and Dried Legumes (-2.03). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
December, 2022
Overview In December 2022 Saskatchewan exported C$4.24B and imported C$1.1B, resulting in a positive trade balance of C$3.14B. Between December 2021 and December 2022 the exports of Saskatchewan have increased by $825M (24.1%) from C$3.42B to C$4.24B, while imports increased by C$250M (29.2%) from C$855M to C$1.1B.
Trade In December 2022, the top exports of Saskatchewan were Potassic Fertilizers (C$1.06B), Crude Petroleum (C$899M), Wheat (C$453M), Dried Legumes (C$345M), and Rapeseed (C$325M). In December 2022 the top imports of Saskatchewan were Mixed Mineral or Chemical Fertilizers (C$53.1M), Harvesting Machinery (C$52.5M), Tractors (C$49.5M), Delivery Trucks (C$45.3M), and Liquid Pumps (C$42.8M).
Destinations In December 2022, Saskatchewan exported mostly to United States (C$2.09B), China (C$530M), India (C$171M), Bangladesh (C$146M), and Indonesia (C$125M), and imported mostly from United States (C$881M), China (C$43.3M), Canada (C$26.8M), Morocco (C$18M), and Germany (C$17.8M).
Growth In December 2022, the increase in Saskatchewan's year-by-year exports was explained primarily by an increase in exports to United States (C$669M or 54.6%), Japan (C$68.6M or 72.1%), and Indonesia (C$57.4M or 78.3%), and product exports increase in Crude Petroleum (C$413M or 83.9%), Potassic Fertilizers (C$301M or 68.5%), and Rapeseed Oil (C$64.6M or 38.4%). In December 2022, the increase in Saskatchewan's year-by-year imports was explained primarily by an increase in imports from United States (C$127M or 20.3%), Canada (C$9.27M or 230%), and Germany (C$5.56M or 28.5%), and product imports increase in Corn (C$74.9M or 2.12k%), Mixed Mineral or Chemical Fertilizers (C$19.7M or 94.4%), and Lifting Machinery (C$16.9M or 510%).
EXPORT GROWTH (December 2021 - December 2022): C$825M, (24.1%)
IMPORT GROWTH (December 2021 - December 2022): C$250M, (29.2%)
This section shows exports and imports data at subnational level for Saskatchewan. Click any date in the line plot, any subnational region in the geomap, or any product, destination or origin country to explore the exports or imports behavior of Saskatchewan over time.
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Top Destination (2022): United States, C$ 29.3B
Top Product (2022): Potassium chloride, in packs >10 kg, C$ 16.3B
In 2022 the top export destinations of Saskatchewan were United States (C$ 29.3B), China (C$ 5.08B), Brazil (C$ 2.56B), Indonesia (C$ 1.64B), and India (C$ 1.41B).
In 2022 the top exports of Saskatchewan were Potassium chloride, in packs >10 kg (C$ 16.3B), Petroleum oils, oils from bituminous minerals,... (C$ 13.3B), Cereals: wheat and meslin, other than... (C$ 2.84B), Oil seeds: low erucic acid rape... (C$ 2.72B), and Vegetable oils: low erucic acid rape... (C$ 2.5B).
Fastest Growing Exports Destination (Dec 2021 - Dec 2022)
Rapidly Declining Export Origins (Dec 2021 - Dec 2022)
Top Origin (2022): United States, C$ 12.3B
Top Import (2022): Maize except seed corn, C$ 621M
In 2022 the top import origins of Saskatchewan were United States (C$ 12.3B), China (C$ 503M), Germany (C$ 496M), Mexico (C$ 353M), and Canada (C$ 163M).
In 2022 the top imports of Saskatchewan were Maize except seed corn (C$ 621M), Combine harvester-threshers (C$ 479M), Trailers for housing or camping (C$ 398M), Monoammonium phosphate & mix with diammonium,... (C$ 372M), and Herbicides, anti-sprouting products and plant-growth regulators (C$ 366M).
Economic Complexity (2022): -0.67
Saskatchewan ranks 9th 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. Saskatchewan it is in position 9th considering its ECI in the last year.
The top export opportunities according to the relatedness level, without considering those products were Saskatchewan already has a comparative advantage, are led by Iron Ore (0.078), Petroleum Gas (0.076), Sulphur (0.076), Ammonia (0.073), and Sawn Wood (0.072).
The highest complexity exports of Saskatchewan according to the product complexity index (PCI) are Rapeseed Oil (0.36), Rapeseed (-0.091), Oats (-0.13), Semi chemical Woodpulp (-0.18), Linseed (-0.72), Processed Cereals (-0.75), Potassic Fertilizers (-0.79), Other Vegetable Residues (-1.06), Buckwheat (-1.64), and Dried Legumes (-2.03). 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 Potassic Fertilizers (342.4), Rapeseed Oil (137.5), Oats (122.3), Dried Legumes (101.3), and Rapeseed (85.2).
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 Saskatchewan 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. Bubble size corresponds to exports value by year 2020.
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