Abstract. The production of hadrons in relativistic heavy ion collisions is studied using a statistical ensemble with thermal and chemical equilibrium. Special attention is given to exact conservation laws, i.e. certain charges are treated canonically instead of using the usual grand canonical approach. For small systems, the exact conservation of baryon number, strangeness and electric charge is to be taken into account. We have derived compact, analytical expressions for particle abundances in such ensemble. As an application, the change in K/π ratios in AGS experiments with different interaction system sizes is well reproduced. The canonical treatment of three charges becomes impractical very quickly with increasing system size. Thus, we draw our attention to exact conservation of strangeness, and treat baryon number and electric charge grand canonically. We present expressions for particle abundances in such ensemble as well, and apply them to reproduce the large variety of particle ratios in GSI SIS 2 A GeV Ni-Ni experiments. At the energies considered here, the exact strangeness conservation fully accounts for strange particle suppression, and no extra chemical factor is needed.