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Gabriella Makar, MBA
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14717 40 AV, Edmonton, Alberta
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Tuesday, September 27, 2011 - Agriculture Boosting Exports

While the rest of the Canadian economy appears to be getting hit with a drop in exports, Alberta’s international sales remain strong. And even if you peel away the hydrocarbons, exports from this province appear to be on the upswing.

Exports of non-energy products from the province totaled $2.13 billion in July of this year. That is the highest sales for that month since July of 2008, just prior to the massive global recession. Over the past twelve months combined, non-energy exports were valued at $24.0 billion, which is 11% higher than the total over the previous twelve months. (Including energy, total exports from Alberta were $79.2 billion in 2010).

Non-energy exports from Alberta include agricultural products, especially wheat, canola, and livestock. Prices for
these commodities have generally strengthened over the past year, which has helped boost the value of non-energy exports.

Forestry products, chemicals, packaged meat, and specialized machinery and metal products related to the oil and gas sector make up much of the manufactured exports from the province. Prices and value of exports for these items has been mixed, but most have at least generally held up fairly well.

At $68 billion in 2010, the US is still by far the largest market for Alberta’s total exports. However, China is now the second largest market (a distant second at $2.8 billion). And of this market, virtually all of it is non-energy products.

The top item Alberta sold to China in 2010? Canola oil!*

*Courtesy of Todd Hirsch, Senior Economist, ATB Financial

posted in General at Tue, 27 Sep 2011 16:14:17 +0000



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