Released on March 16, 2022
Year-Over-Year Wholesale Trade increased by 34.7 per cent to $3.3 billion
Saskatchewan is leading the nation in year-over-year growth in wholesale trade.
Saskatchewan's wholesale trade increased 34.7 per cent (seasonally adjusted) between January 2021 and January 2022, which was first among the provinces.
"This major increase in wholesale trade is yet another key indicator that Saskatchewan's economy is in an enviable position coming out of the pandemic and poised for real growth," Trade and Export Development Minister Jeremy Harrison said. "In 2021, Saskatchewan hit all-time records in agricultural exports, forestry product sales, and merchandise exports, while our unemployment rate has dropped to a seven-year low. This is good news for jobs, businesses, and our communities across the province as we continue to see significant investment pour into our strong, sustainable Saskatchewan."
In 2021, Saskatchewan's agricultural exports were worth $17.5 billion, the forestry sector hit an all-time high of more than $1.8 billion in sales, and merchandise exports reached a new record high of $37.2 billion. The unemployment rate in Saskatchewan dropped to 4.7 per cent as 30,100 new jobs gained in February 2022 compared to February 2021.
The top performing sectors that drove year-over-year growth in wholesale trade in January were farm products (up 31.6 per cent) motor vehicle and parts and accessories (up 17.3 per cent), food and beverage (up 7.6 per cent), and machinery and equipment (up 7.6 per cent).
In January 2022, the total value of wholesale trade in Saskatchewan was more than $3.3 billion.
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For more information, contact:
Robin Speer
Trade and Export Development
Regina
Phone: 306-519-5006
Email: robin.speer@gov.sk.ca