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Interprovincial Trade
Trade with other provinces is an important contributor to Saskatchewan's economy. In 2003, Saskatchewan exported $8.6 B of real goods and services to the rest of Canada and imported almost $13 B from other provinces. Saskatchewan is a net importer in terms of interprovincial trade and persistently has a trade deficit with the rest of Canada. Exports and imports of real goods and services have both generally increased since 1992 as the domestic economy recovered from poor economic conditions in the early 1990's.
In 2003, interprovincial exports represented 27% of GDP while interprovincial imports represented 40% of GDP.1
The top destinations of Saskatchewan's interprovincial exports of goods and services in 2003 were Ontario, Alberta, and Manitoba. The top sources of Saskatchewan's interprovincial imports were Alberta and Ontario.
In 2003, Saskatchewan's interprovincial real exports of goods were $6.3 B while imports of goods were $5.9 B. In the same year, the province's interprovincial exports and imports of services were $2.3 B and $6.8 B respectively. Since 1980, interprovincial service imports have grown the fastest followed by interprovincial exports of goods.
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1 Statistics Canada attributes imports to the province where the goods first enter Canada. Because this is not necessarily the province of import, data on international imports and trade balances can be misleading. This problem also creates difficulties in the data on interprovincial imports.