REGINA — In a newly released State of Trade report, the Government of Saskatchewan and the Saskatchewan Trade and Export Partnership (STEP) say the total value of exports reached $45.4 billion in 2024.
The report outlines provincial trade highlights for 2024.
The value of uranium exports increased by 50 per cent. Total uranium exports reached $2.8 billion. Potash also reached a record volume of exports, totalling 22,807,489 metric tonnes.
Goods from the province reached 161 countries in 2024. India became the province's third-largest export market behind the United States and China, with the value of exports to the country increasing by 12.2 per cent in 2024.
"Amid the unprecedented trade uncertainties in 2024, Saskatchewan demonstrated resilience and growth across key sectors, with many major commodities maintaining or increasing their volumes," STEP Interim CEO Angela Krauss said.
"The province's export foundation remains strong, and we are committed to diversifying our markets and strengthening essential trade relationships."
According to the report, the volumes of most major exports remained at or increased from 2023 levels. In terms of volume, exports of canola seed increased 25 per cent from 2023 to 2024. Canola meal exports increased 14 per cent in volume from 2023 to 2024. The top export products for the province include crude petroleum oil, potash, canola seeds and oil, wheat, uranium, lentils and dried peas.
STEP is a membership-driven, government/industry partnership, designed to promote the growth of Saskatchewan's export industry.
