Saskatchewan is seeing strong growth in merchandise exports, with a big jump in both year-over-year and month-to-month.
Merchandise exports increased by 19.1 per-cent year-over-year in September 2020 to $2.57 billion. Saskatchewan ranked first in percentage change among the provinces on a seasonally adjusted basis.
'Saskatchewan exports remain strong, which shows our province is in a good position moving forward with our economic recovery,” Trade and Export Development Minister Jeremy Harrison said. “Even with the challenges facing the global economy, demand has remained strong for the quality products Saskatchewan produces.”
In September, merchandise exports in Saskatchewan increased by 17.2 percent compared to August 2020, placing the province second in percentage change among the provinces. In the first nine months of 2020, merchandise exports in Saskatchewan increased by 1.7 percent, compared to the same period in 2019, which was also second among the provinces. Nationally, Canada saw a decrease of 6.2 percent year-over-year.
Strong export numbers were supported by growth in a number of sectors, including farm and food products, metallic ores and non-metallic minerals, forestry products, as well as electronic and electrical equipment and parts, and consumer goods.
International merchandise exports measure the value of all goods leaving the country. Governments, exporters, manufacturers and transportation companies use these export statistics to monitor export performance, identify market opportunities, monitor commodity prices, and examine transport implications of trade flows.
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