Exports strong out of the gate in 2023
International exports from Alberta were higher in January
By Siddhartha Bhattacharya, ATB Economics 13 March 2023 less than a minute
After four consecutive pullbacks, the value of Alberta’s merchandise exports in January jumped $474 million (+3.1%) above its December 2022 level.
Farm, fishing and intermediate food product exports grew $250 million (+24.3%) and was alone responsible for over half the aggregate monthly increase.
Despite natural gas prices being down significantly in January, energy export revenues managed to rise by $161 million (+1.4%) and partially cushioned losses incurred in the previous month.
Activity in Alberta was more upbeat relative to last year’s levels. The value of the province’s merchandise exports stood $1.2 billion (+8.3%) above January 2022.
National export revenues were up by $1.3 billion (+2.2%), as gains in Ontario (+6.9%) and Alberta (+3.1%) largely offset declines in Quebec (-11.6%) and Newfoundland and Labrador (-12.6%).
Answer to the previous trivia question: Labour Day became a statutory public holiday in Canada in 1894.
Today’s trivia question: What was the dollar value of Alberta’s international exports of pasta last year?