Paul Martin commentary
With a relatively small but highly productive population, Saskatchewan is an exporter because we simply don’t have a big enough market to consume everything we make. So, when the annual report on export activity is released, we pay attention.
The 2025 report was tabled last week and it shows the value of overall exports fell, not surprising in a world now adjusting to tariffs. But that also drove some important new trends.
Sales to three major markets: the US, China and India – all with tariffs on us – were down which drove the overall figure but exports to the rest of the world went up. Brazil took about half a billion dollars more stuff from us. Mexico and Japan added more than $300 million to our order book.
Nonetheless, the US is still a big customer taking just over half of all our exports, dwarfing sales to our #2 customer China which accounts for less than seven-percent. Brazil came in third followed by Japan and Indonesia.
In dollar terms, crude oil exports generated the most revenue followed by potash and then wheat.
