Canada: Canola drives up Saskatchewan’s exports to Mexico

Published Feb 27, 2023

Tridge summary

Saskatchewan's trade with Mexico has reached a milestone of over $1 billion in 2022, a first for the province. This achievement is largely due to the surge in exports of agricultural products, notably canola oil, canola seed, and non-durum wheat. Canola seed made up approximately half of the total exports, with a value of over $557 million. The province attributes this growth to the opening of an international office in Mexico City in 2022. Canola oil was the top value-added agri-food export from Saskatchewan in 2022, with a total export value of $3.5 billion.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Saskatchewan’s annual exports to Mexico have exceeded $1 billion for the first time. Trade surpassed $1.02 billion in 2022, thanks to increased sales of canola oil, canola seed and non-durum wheat, the province said in Feb. 23 news release. Canola seed made up nearly 55 percent of total exports to Mexico last year, with a total value of more than $557 million, the province said. The provincial government opened an international office in Mexico City in 2022. The new office played a key role in expanding Saskatchewan’s exports to Mexico, the province added. Having a local team in the country to work with Saskatchewan exporters has proven invaluable, it said. “We’re sharing Saskatchewan’s story around the world, and the world is listening,” said Jeremy Harrison, the province’s minister of trade and export development. “Advancing Saskatchewan’s trade interests while strengthening existing partnerships benefits all of Saskatchewan. As an export-dependent province, this work is ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.