Québec, December 16, 2015 – Québec’s seasonally-adjusted international exports in constant dollars at 2007 prices decreased 1.9% in October 2015 (down 2.7% in Canada). However, the cumulative export volume for the first 10 months of 2015 was 4.1% higher than for the same period in 2014 (4.8% higher in Canada). These figures on international merchandise trade were released today by the Institut de la statistique du Québec.
Twelve of the top 25 products exported by Québec posted gains in October. The largest gains were seen in the export of unwrought aluminum and aluminum alloys and iron ores and concentrates. The largest decreases were observed in aircraft, followed by unwrought copper and copper alloys, and pharmaceutical and medicinal products.
Non-seasonally adjusted exports to the United States in current dollars declined by 6.7% in October 2015, and comprised 70.6% of Québec exports. Among the top 10 exports to the U.S. only unwrought aluminum and aluminum alloys and unwrought copper and copper alloys saw increases. The greatest decrease was observed in aircraft, followed by unwrought precious metals and precious metal alloys, and medium and heavy-duty trucks and chassis.
Exports to Europe in October 2015 increased by 10.8% and accounted for 13.8% of Québec exports. The most significant gains were seen in aircraft, oilseeds excluding canola, and iron ores and concentrates. Among the top 10 Québec products exported to Europe, nickel ores and concentrates showed the greatest decrease.
Exports to Asia decreased 15.4% in October and accounted for 8.2% of Québec exports. The highest increases were seen in oilseeds excluding canola, iron ores and concentrates, and unwrought aluminum and aluminum alloys. The greatest declines were observed in aircraft, followed by commercial and service industry machinery, and wood pulp.
Imports increased in October 2015
Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices gained 3.1% in October 2015 (up 0.2% in Canada). In addition, the cumulative import volume for the first 10 months of 2015 was 1.7% higher than for the same period in 2014 (in Canada, 1.2% higher).
Among the 25 main products imported to Québec, 14 posted gains in October. Motor gasoline showed the greatest increase, followed by copper and copper alloys, and jet fuel. Lubricants and other petroleum refinery products, and computers and computer peripheral equipment, showed the greatest declines.
Non-seasonally adjusted imports from the United States in current dollars increased 1.2% in October 2015, and accounted for 36.6% of Québec imports. The main gain was seen in crude oil, followed by pharmaceutical and medicinal products, and light-duty trucks, vans and SUVs. The greatest declines were observed in printed and integrated circuits, semiconductors, and printed circuit assemblies, and aircraft engines.
Imports from Europe increased 1.8%, and accounted for 25.6% of Québec imports. The largest increases were observed in ammonia and chemical fertilizers, motor gasoline, and other industry-specific machinery, not elsewhere classified. In contrast, among the top 10 products imported from Europe, the greatest decline was observed in lubricants and other petroleum refinery products.
Imports from Asia decreased 11.6%, and comprised 21.4% of Québec imports. Among the top 10 imports from Asia, only computers and computer peripheral equipment and televisions and other audio and video equipment showed increases. The greatest declines were observed in jet fuel, women’s clothing, and footwear.
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