Exports down in April 2014

Québec, June 18, 2014 – Québec’s seasonally adjusted international exports in constant dollars at 2007 prices dropped 1.9% in April (up 1.8% in Canada). The cumulative volume for the first four months of 2014 was 4.8% above its level for the corresponding months of 2013 (0.8% increase in Canada). This was revealed in the information released today by the Institut de la statistique du Québec on international merchandise trade.

In April, the 25 major commodity groups accounted for 57.9% of Québec exports, 1.6 percentage points lower than in the previous month. Of these groups, 10 posted increases in April. Iron ores and concentrates, wood pulp and paper (except newsprint) posted the strongest increases. On the other hand, aircraft, unwrought aluminum and aluminum alloys, as well as commercial and service industry machinery recorded the sharpest declines.

Non-seasonally adjusted exports to the United States in current dollars plunged 9.4% in April 2014. Their relative share of Québec exports stood at 70.2%, a proportion 2.2 percentage points lower than in the previous month. Among the top 10 commodity groups, only 3 recorded increases: unwrought aluminum and aluminum alloys, paper (except newsprint) and unwrought copper and copper alloys. Moreover, aircraft recorded a steep decline, followed by electricity, and printed and integrated circuits, semiconductors, and printed circuit assemblies.

Exports to Europe fell 10.0% in April and their relative share of Québec exports stood at 13.0%, a proportion 0.5 percentage points lower than in the previous month. Three products among the top 10 recorded increases: copper ores and concentrates, grains (except wheat), and fresh and frozen pork. On the other hand, the sharpest drops were recorded for unwrought aluminum and aluminum alloys, other metal ores and concentrates not elsewhere classified, and iron ores and concentrates.

Exports to Asia increased by 49.8% and accounted for 9.9% of Québec exports, up 3.7 percentage points from the previous month. Iron ores and concentrates showed robust gains, followed by aircraft and wood pulp. On the other hand, waste and scrap of non-ferrous metals, oilseeds (except canola), and fresh and frozen pork recorded steep declines.

Imports up in April 2014

Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices rose 3.7% in April 2014 (up 1.9% in Canada). However, the cumulative volume for the first four months of 2014 was 3.3% below its level for the corresponding months in 2013 (a 0.2% drop in Canada).

The 25 major commodity groups accounted for 58.2% of Québec imports, down 0.4 percentage points from the previous month. Of these groups, 17 posted increases in April. The most important gains were recorded by chemical products not elsewhere classified (mainly biodiesel fuels and blends), other basic organic chemicals (particularly denatured ethyl alcohol), and passenger cars. On the other hand, basic and semi-finished non-ferrous metal products (except aluminum), jet fuel and tires recorded the largest drops.

Non-seasonally adjusted imports from the United States in current dollars fell by 3.1% and accounted for 39.8% of Québec imports, down 2.3 percentage points from the previous month. Jet fuel and other basic organic chemicals were the product groups whose imports from our neighbours to the south registered the highest increases. Furthermore, light-duty trucks, vans and SUVs, crude oil, and passenger cars registered the largest declines.

Imports from Europe grew by 17.8% and accounted for 27.1% of Québec imports, up 3.6 percentage points from the previous month. Crude oil, motor gasoline and passenger cars registered the strongest increases. Among the top 10 products, only aircraft parts and other aerospace equipment edged down.

Imports from Asia rose by 9.2% and accounted for 19.2% of all Québec imports, up 1.2 percentage points from the previous month. Precious metals and precious metal alloys saw the largest gains. Finally, computers and computer peripheral equipment, and telephone equipment recorded the largest decreases.


The Institut de la statistique du Québec produces, analyses and disseminates official, objective and quality statistical information on various aspects of Québec society. It is the statistical coordinator for Québec and the relevance of its work makes it a strategic ally for decision makers and all those wishing to learn more about Québec.

Sources:

  • Karine St-Pierre
    Economist
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  • Sylvain Carrier
    Communications Advisor
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