Québec, January 22, 2014 – Quebec’s seasonally adjusted international exports in constant dollars at 2007 prices dropped 2.3% in November 2013 (down 2.4% in Canada). Their cumulative volume for the first eleven months of 2013 was 2.8% above its level for the corresponding months of 2012 (a 1.5% increase in Canada). This was revealed in the information released today by the Institut de la statistique du Québec on international merchandise trade.
The 25 major commodity groups accounted for 55.4% of Quebec exports, down 1.7 percentage points from the previous month. Of these groups, ten posted increases in November. Aircraft, unwrought iron, steel and ferro-alloys, as well as heavy fuel oils recorded the largest increases. The sharpest drops were seen in commercial and service industry machinery, iron ores and concentrates and pharmaceutical and medicinal products.
Non-seasonally adjusted exports to the United States in current dollars were up 0.5% in November 2013. Their relative share of Quebec exports stood at 70.9%. The 10 first commodity groups accounted for 34.4% of Quebec exports to the United States. Of these groups, aircraft posted a significant gain, followed by unwrought precious metals and precious metal alloys, and aircraft parts and other aerospace equipment. Declines among major commodity groups exported to our neighbours to the south were recorded in basic and semi-finished non-ferrous metal products (except aluminum), paper (except newsprint), and printed and integrated circuits, semiconductors, and printed circuit assemblies.
Exports to Europe dropped 30.2% in November and accounted for 11.6% in Quebec exports. The top 10 commodity groups accounted for 46.5% of all exports to Europe. Measuring and control devices, electrical, medical, scientific and technical instruments, as well as turbines and turbine generator set units all posted strong gains. The largest drops were in aircraft and iron ores and concentrates.
Exports to Asia increased by 8.0% and accounted for 9.3% of Quebec exports. The top 10 commodity groups represented 66.6% of exports to Asia. Among these, oilseeds (except canola), other metal ores and concentrates, not elsewhere classified, and unwrought iron, steel and ferro-alloys posted the highest increases. The iron ores and concentrates group and the aircraft group recorded the sharpest declines.
Drop in imports in November
Quebec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices went down 2.7% in November 2013 (0.2% decrease in Canada). Their cumulative volume for the first eleven months of 2013 was 3.6% above its level for the same period in the previous year (2.4% increase in Canada).
The 25 major commodity groups accounted for 58.3% of Quebec imports, a proportion 1.7 percentage points lower than in the previous month. Fourteen of these groups saw growth in November. Aircraft, passenger cars, light-duty trucks, vans and sport utility vehicles posted the strongest growth. Crude oil recorded the most significant drop, followed by pharmaceutical and medicinal products, and bauxite and aluminum oxide.
Non-seasonally adjusted imports from the United States in current dollars increased 4.8% and accounted for 40.3% of Quebec imports. The 10 major commodity groups accounted for 48.0% of U.S. imports. Among these, aircraft posted a notable gain, while smaller gains were observed in motor gasoline, pharmaceutical and medicinal products, and light-duty trucks, vans and sport utility vehicles. Printed and integrated circuits, semiconductors, and printed circuit assemblies, jet fuel, and aircraft parts and other aerospace equipment posted the largest declines.
Imports from Europe decreased by 19.8% and accounted for 24.5% of Quebec imports. The 10 major commodity groups represented 46.1% of imports from Europe. Among these, the most noteworthy gains were seen in radioactive ores and concentrates, and other industry-specific machinery, not elsewhere classified; these groups are not very often in the top imports. Crude oil and pharmaceutical and medicinal products posted the sharpest drops of Quebec imports from Europe.
Imports from Asia declined by 8.2% and their relative share among Quebec imports stood at 20.5%. The top 10 commodity groups represented 47.2% of imports from Asia. Computers and computer peripheral equipment, jet fuel, and passenger cars recorded the largest increases. In contrast, women’s and men’s clothing and printed and integrated circuits, semiconductors, and circuit assemblies recorded the only drops among the top imports from Asia.
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