Saskatchewan Merchandise Export Numbers Strongest in Canada
Province Ranks First In Year-Over-Year And Month-Over-Month Exports
Today, Statistics Canada released monthly merchandise export numbers, which shows Saskatchewan ranked first among the provinces in both year-over-year and month-over-month exports.
“While it is not surprising that all Canadian provinces have seen a recent decrease in merchandise exports, it is also not surprising that Saskatchewan leads the nation with by far the strongest numbers this month,” Trade and Export Development Minister Jeremy Harrison said. “We have a lot of hard work ahead to fully implement our Re-Open Saskatchewan plan, but these export numbers are another positive sign that our province is in a relatively good position compared to other jurisdictions as we move forward and ensure a strong economic recovery here in Saskatchewan.”
Merchandise exports in Saskatchewan decreased by 7.7 per cent in April 2020 to $2.58 Billion, compared to March 2020 (seasonally adjusted), a decrease less than any other province. Merchandise exports decreased by 8.2 per cent in April 2020, compared to April 2019, also a decrease less than any other province on a seasonally adjusted basis.
In the first four months of 2020, merchandise exports in Saskatchewan increased by 0.7 per cent (seasonally adjusted), compared to the same period in 2019. By way of comparison Canada saw a decline of 35.3 per cent year-over-year. Steady export numbers were supported by strong growth in farm and food products, as well as growth both year-over-year and in the first four months of 2020 in the industrial machinery, equipment and parts sector.
For more information, including on COVID-19 support for businesses and workers in Saskatchewan, please visit www.saskatchewan.ca/covid19-businesses.