The pancreatic stellate cells (PSCs) play an important role in the development of pancreatic cancer (PC) through mechanisms that remain unclear. Exosomes secreted from PSCs act as mediators for communication in PC. This study aimed to explore the role of PSC‐derived exosomal small RNAs derived from tRNAs (tDRs) in PC cells. Exosomes from PSCs were extracted and used to detect their effects on PC cell proliferation, migration and invasion. Exosomal tDRs profiling was performed to identify PSC‐derived exosomal tDRs. ISH and qRT‐PCR were used to examine the tRF‐19‐PNR8YPJZ levels and clinical value in clinical samples. The biological function of exosomal tRF‐19‐PNR8YPJZ was determined using the CCK‐8, clone formation, wound healing and transwell assays, subcutaneous tumour formation and lung metastatic models. The relationship between the selected exosomal tRF‐19‐PNR8YPJZ and AXIN2 was determined by RNA sequencing, luciferase reporter assay. PSC‐derived exosomes promoted the proliferation, migration, and invasion of PC cells. Novel and abundant tDRs are found to be differentially expressed in PANC‐1 cells after treatment with PSC‐derived exosomes, such as tRF‐19‐PNR8YPJZ. PC tissue samples showed markedly higher levels of tRF‐19‐PNR8YPJZ than normal controls. Patients with PC exhibiting high tRF‐19‐PNR8YPJZ expression had a highly lymph node invasion, metastasis, perineural invasion, advanced clinical stage and poor overall survival. Exosomal tRF‐19‐PNR8YPJZ from PSCs targeted AXIN2 in PC cells and decreased its expression, thus activating the Wnt pathway and promoting proliferation and metastasis. Exosomal tRF‐19‐PNR8YPJZ from PSCs promoted proliferation and metastasis in PC cells via AXIN2.