Released on April 12, 2012
Saskatchewan's merchandise exports continue to increase, reaching $2.62 billion in February 2012, up 22.2 per cent from the $2.15 billion recorded in February 2011 according to a new report from Statistics Canada.
"This is good news for our province and it will lead to more investment, more jobs and a more prosperous Saskatchewan," Enterprise Minister Jeremy Harrison said. "Some private forecasters expect Saskatchewan to lead the country in economic growth this year and these export numbers show why so many people are confident in the Saskatchewan economy."
Energy products were up by 60.8 per cent in February 2012 over February 2011, while agricultural products rose by 14.1 per cent and machinery and equipment increased by 33.2 per cent over the same period.
In the first two months of 2012, merchandise exports were up 23.9 per cent to $5.2 billion compared to the same period in 2011. Saskatchewan ranked second in terms of percentage change over this period.
"Saskatchewan export markets are growing, creating opportunities across the province for both businesses and workers," Harrison said. "Saskatchewan has what the world wants and our products are going out to the global marketplace."
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For more information, contact:
Deb Young
Enterprise Saskatchewan
Regina
Phone: 306-787-6315
Email: deb.young@enterprisesask.ca