Exports up in March 2015

Québec, May 20, 2015 – Québec’s seasonally adjusted international merchandise exports in constant dollars at 2007 prices rose 6.1% in March 2015 (up 0.6% in Canada). The cumulative export volume for the first quarter 2015 was 10.2% above its level for the same period in 2014 (up 7.6% in Canada). These figures on international merchandise trade were released today by the Institut de la statistique du Québec.

Sixteen of the top 25 products exported by Québec posted gains in March 2015. Unwrought copper and copper alloys, aircraft and electricity recorded the largest increases. Diesel fuel, aircraft engines, and printed and integrated circuits, semiconductors, and circuit assemblies registered the sharpest drops.

Non-seasonally adjusted exports to the United States in current dollars were up 14.1% in March 2015 and accounted for 71.4% of Québec exports. Among the 10 major commodities exported to the United States, the most notable gains came from unwrought copper and copper alloys, aircraft, and unwrought aluminum and aluminum alloys. Electricity recorded the largest drop.

Exports to Europe grew 25.3% in March and accounted for 14.2% of Québec exports. Aircraft registered the strongest increase, followed by iron ores and concentrates and heavy fuel oils. Among the top 10 commodity groups, only aircraft engines posted a decrease.

As for exports to Asia, they rose 3.0% and accounted for 8.1% of Québec exports. Turbines and turbine generator set units posted the strongest growth, while aircraft and iron ores and concentrates registered the sharpest declines.

Imports up in March 2015

Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices were up 13.0% in March 2015 (up 1.6% in Canada). The cumulative import volume for the first quarter 2015 was 1.5% above its level for the corresponding months in 2014 (up 4.1% in Canada).

Seventeen of the top 25 products imported by Québec posted an increase in March 2015. The strongest gains were recorded by crude oil, aircraft, and pharmaceutical and medicinal products. The sharpest declines were posted by unwrought iron, steel and ferro-alloys, bauxite and aluminum oxide, and aircraft parts and other aerospace equipment.

Non-seasonally adjusted imports from the United States in current dollars increased 30.7% in March 2015 and accounted for 40.3% of Québec imports. All of the 10 major commodity groups posted gains. Among these groups, aircraft recorded the most significant increase, followed by passenger cars and crude oil.

Imports from Europe went up 19.6% and accounted for 22.4% of Québec imports. The main increases were recorded by pharmaceutical and medicinal products, lubricants and other petroleum refinery products, and other industry-specific machinery. Among the top 10 commodity groups, the only one on the decline was wine and brandy.

Imports from Asia rose 5.9% and accounted for 20.6% of Québec imports. Passenger cars, computers and computer peripheral equipment, and telephone apparatus recorded the largest increases. Among the 10 major products, footwear and light-duty trucks, vans and SUVs posted declines.


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Sources:

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