Québec, August 19, 2015 – Québec’s seasonally adjusted international exports in constant dollars at 2007 prices increased 11.8% in June 2015 (up 4.6% in Canada). The cumulative export volume for the first six months of 2015 was 6.6% above its level for the same period in 2014 (up 4.9% in Canada). These figures on international merchandise trade were released today by the Institut de la statistique du Québec.
Fifteen of the top 25 products exported by Québec were up in June 2015. Aircraft recorded the largest increase, followed by iron ores and concentrates and unwrought aluminum and aluminum alloys. The sharpest drops were posted by diesel fuel, commercial and service industry machinery, and light fuel oils.
Non-seasonally adjusted exports to the United States in current dollars were up 19.3% and accounted for 74.3% of Québec exports. Among the top ten commodities exported to the United States, aircraft, prepared and packaged seafood products, and paper (excluding newsprint) posted the largest increases. The following commodity groups recorded declines: pharmaceutical and medicinal products, unwrought aluminum and aluminum alloys, and unwrought copper and copper alloys.
Exports to Europe declined by 15.2% and accounted for 10.8% of Québec exports. Nickel ores and concentrates, copper ores and concentrates as well as turbines and turbine generator set units posted the strongest increases. Aircraft recorded the main decline.
Exports to Asia rose by 31.8% and accounted for 8.9% of Québec exports. Aircraft and iron ores and concentrates posted the most significant growth, while wood pulp was the only top ten commodity on the decrease.
Imports down in June 2015
Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices fell 1.7% in June 2015 (down 1.5% in Canada).The cumulative import volume for the first six months of 2015 was 1.9% above its level for the corresponding months of 2014 (up 2.6% in Canada).
Of the 25 main products imported by Québec, 10 were up in June. The largest increase was recorded by lubricants and other petroleum refinery products, followed by motor gasoline and pharmaceutical and medicinal products. The sharpest declines were posted by crude oil, passenger cars, and aircraft parts and other aerospace equipment.
Non-seasonally adjusted imports from the United States in current dollars fell by 6.8% and accounted for 37.4% of Québec imports. The main increases were recorded by light-duty trucks, vans and SUVs, other basic organic chemicals, and medium and heavy-duty trucks and chassis. Among the groups on the decline, printed and integrated circuits, semiconductors, and printed circuit assemblies posted the largest drop, followed by passenger cars.
Imports from Europe were up 15.9% and accounted for 29.5% of Québec imports. The largest increase was recorded by motor gasoline, followed by lubricants and other petroleum refinery products, and pharmaceutical and medicinal products. In contrast, the sharpest drop was recorded by crude oil, followed by aircraft parts and other aerospace equipment and aircraft.
Imports from Asia rose by 9.4% and accounted for 20.7% of Québec imports. The most significant increases were recorded by women’s clothing, printed and integrated circuits, semiconductors, and printed circuit assemblies, and footwear. >Among the top ten commodities imported from Asia, only aircraft parts and other aerospace equipment and passenger cars posted declines.
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