Québec, February 25, 2015 – Québec’s seasonally adjusted international exports in constant dollars at 2007 prices climbed 10.9% to $72.7 billion in 2014 (in Canada, the increase was 5.6% to $461.6 billion). In December, Québec’s exports recorded growth of 20.0% (an increase of 7.9% in Canada). That was indicated in the information released today by the Institut de la statistique du Québec on international merchandise trade.
Among the 25 major commodities exported by Québec, 18 posted gains in 2014. The sharpest increases were in aircraft, iron ores and concentrates, and unwrought aluminum and aluminum alloys. Other basic inorganic chemicals, fresh and frozen pork, as well as other unwrought non-ferrous metals recorded the most significant declines.
In December 2014, the groups that recorded the main increases were aircraft, unwrought aluminum and aluminum alloys, and heavy fuel oil. Aircraft parts and other aerospace equipment, other unwrought non-ferrous metals, and turbines and turbine generator set units experienced the largest boosts.
Non-seasonally adjusted exports to the United States in current dollars rose 13.0% in 2014. Their share of Québec’s exports stood at 69.8%, 1.1% percentage points lower than in 2013. The top 10 commodity groups exported to the United States all recorded increases in 2014. The largest gains were in aircraft, unwrought aluminum and aluminum alloys, and softwood lumber.
Exports to Europe swelled 22.9% in 2014. Their share of Québec exports stood at 13.0%, an increase of 0.9 percentage points compared with 2013. Among the top 10 commodity groups exported to Europe, seven recorded an increase in 2014. Aircraft, iron ores and concentrates and other metal ores and concentrates not elsewhere classified showed the highest growth. The commodity groups that recorded the most significant declines were unwrought aluminum and aluminum alloys, pharmaceutical and medicinal products, and fresh and frozen pork.
Exports to Asia soared 15.5% in 2014 and their share of Québec exports rose 0.1 percentage points to 9.1%. Among the top 10 commodity groups exported to Asia, five rose in 2014. The most significant gain was in iron ores and concentrates, followed by aircraft and newsprint paper. Commercial and service industry machinery recorded the sharpest decline.
Imports down in 2014
Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices dropped 0.8% to $79.4 billion in 2014 (in Canada, they rose 2.5% to $455.6 billion). However, in December, Québec imports improved 6.8% (in Canada, by 2.7%).
Among the 25 major commodity groups imported by Québec, 13 posted gains in 2014. The sharpest increases were in passenger cars, light-duty trucks, vans and sport utility vehicles, and unwrought copper and copper alloys. Crude oil posted a sharp decline, followed by pharmaceutical and medicinal products, measuring and control devices, and electric, medical, scientific and technical instruments.
In December 2014, crude oil gained, followed by motor gasoline, and pharmaceutical and medicinal products. Unwrought copper and copper alloys, printed and integrated circuits, semiconductors and circuit assemblies, along with aircraft parts and other aerospace equipment, recorded the most significant declines.
Non-seasonally adjusted imports from the United States in current dollars strengthened 22.5% in 2014 and their share of Québec imports reached 40.1%, a increase of 6.8 percentage points compared with 2013. The 10 major commodity groups imported from the United States all recorded growth in 2014. Crude oil gained the most, followed by passenger cars, and light-duty trucks, vans and sport utility vehicles.
Imports from Europe slowed 14.6% in 2014 and accounted for 25.0% of Québec imports, a share that was 4.8 percentage points lower than in 2013. Among the 10 major commodities imported from Europe, four recorded growth in 2014: passenger cars, aircraft parts and other aerospace equipment, other industry-specific machinery not elsewhere classified, as well as miscellaneous parts of machinery and equipment. The most significant decline was in conventional crude oil, followed by pharmaceutical and medicinal products, and turbines and turbine generator set units.
Imports from Asia grew by 5.0% and accounted for 19.4% of Québec imports in 2014, an improvement of 0.6 percentage points compared with the preceding year. Among the top 10 commodities imported from Asia, six expanded in 2014. The commodities with the most notable gains were men’s and women’s footwear and clothing. Passenger cars recorded the largest decline, followed by televisions and other audiovisual equipment, and aircraft parts and other aerospace equipment.
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