Québec, November 19, 2014 – Québec’s seasonally adjusted international exports in constant dollars at 2007 prices increased 7.3% in September 2014 (up 3.5% in Canada). Their cumulative volume for the first three quarters of 2014 was 7.7% higher than for the same period in 2013 (up 5.3% in Canada). These figures on international merchandise trade were released today by the Institut de la statistique du Québec.
Fifteen of the 25 major commodities exported by Québec posted an increase in September. The strongest gains were made by aircraft, pharmaceutical and medicinal products, and heavy fuel oils. On the other hand, unwrought aluminum and aluminum alloys, miscellaneous parts of machinery and equipment, as well as commercial and service industry machinery recorded the sharpest declines.
Non-seasonally adjusted exports to the United States in current dollars were up 10.0% in September and accounted for 70.7% of Québec exports. Among the major commodities exported to the United States, aircraft, pharmaceutical and medicinal products and heavy fuel oils showed the most growth. Unwrought aluminum and aluminum alloys was the only group that declined among the ten major commodities.
Exports to Europe jumped by 53.0% and accounted for 13.7% of Québec exports. Aircraft recorded the largest increase, followed by aircraft engines. Among the ten major commodity groups, only unwrought aluminum and aluminum alloys declined.
Exports to Asia increased by 10.0% and accounted for 8.0% of Québec exports in September. The strongest increases were recorded by nickel ores and concentrates, wood pulp, and fresh and frozen pork. Aircraft posted the most significant drop.
Imports down in September 2014
Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices were down 1.3% in September 2014 (down 0.6% in Canada). Their cumulative volume for the first nine months of 2014 was 2.1% below its level for the corresponding months of 2013 (a 2.3% rise in Canada).
Nine of the 25 major commodities imported by Québec showed gains in September. Motor gasoline recorded the largest increase, followed by jet fuel and other basic organic chemicals. On the other hand, unwrought copper and copper alloys, aircraft parts and other aerospace equipment, as well as pharmaceutical and medicinal products recorded the sharpest losses.
Non-seasonally adjusted imports from the United States in current dollars grew by 9.0% in September 2014 and accounted for 40.4% of Québec imports. Motor gasoline and crude oil posted the largest gains, followed by aircraft parts and other aerospace equipment. The main declines were recorded by light-duty trucks, vans and sport utility vehicles, and plastic resins.
Imports from Europe declined by 4.3% and accounted for 24.5% of Québec imports. The major commodity groups that posted increases include passenger cars, turbines and turbine generator set units, as well as other industry-specific machinery not elsewhere classified. Motor gasoline, crude oil and pharmaceutical and medicinal products posted the sharpest drops out of all Québec imports from Europe.
Imports from Asia were down 0.8% in September and accounted for 19.2% of Québec imports. Telephone apparatus posted the strongest increase. Finally, computers and computer peripheral equipment, women's clothing, and passenger cars recorded the largest declines.
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