Provincial exports of various products globally in 2022 and 2023 were valued at a combined $101.9-billion, according to numbers released by the provincial government on Tuesday.
The new figure represents a 52.2 percent increase compared to the two previous years of 2020 and 2021, when exports were valued at $66.9-billion.
Exports to the United Kingdom had the highest growth in 2022-23 at 209.4 percent, the province noted, followed by Brazil at 131.3 percent, and the United States at 70.4 percent, compared to 2020-21.
Regarding products, the SaskParty government claims uranium exports increased by an astronomical 1525.3 percent over the last two years, while potash shipments were up by 112 percent, and crude oil 82.1 percent. Other commodities include wheat, canola oil, and lentils.
Uranium exports to the European Union, specifically to Germany, in 2023 could be one factor in its large percentage growth. A news release last week noted uranium exports to the EU last year were up by 306 percent to almost $1-billion.
“Saskatchewan is seeing unprecedented export growth, this success is only possible through building strong relationships with our international partners,” Minister of Trade and Export Development Jeremy Harrison said. “As a province that exports nearly 70 per cent of everything we produce, growing and diversifying our customer base is critical to the success of our economy. Our producers and exporters offer the sustainable and high-quality products the world needs, and we are now seeing those products expand to more markets than ever before.”
The province mentioned its 9 trade offices around the world as “instrumental in connecting the province to global markets, which, in turn, benefits the local business community.”
Comments