Québec, October 21, 2015 – Québec’s seasonally adjusted international exports in constant dollars at 2007 prices decreased 8.7% in August 2015 (down 0.3% in Canada). However, their cumulative volume for the first eight months of 2015 was 6.4% lower than in the same period in 2014 (4.8% increase in Canada). This was revealed in the information released today by the Institut de la statistique du Québec on international merchandise trade.
Of the 25 main groups of products exported by Québec, 8 forged ahead in August. The most important gains were seen in iron ores and concentrates, miscellaneous parts of machinery and equipment, and fresh and frozen pork. On the other hand, unwrought aluminum and aluminum alloys, as well as aircraft recorded the sharpest declines.
Non-seasonally adjusted exports to the United States in current dollars were down 3.1% in August 2015 and accounted for 76.4% of Québec exports. Among the top 10 commodity groups exported to the United States, paper (except newsprint), printed and integrated circuits, semiconductors, and circuit assemblies, as well as softwood lumber all posted gains. The sharpest drops were recorded in unwrought aluminum and aluminum alloys, unwrought copper and copper alloys, and pharmaceutical and medicinal products.
Exports to Europe went down 16.6%, and their relative share among Québec exports was 9.5%. Among the top ten commodity groups, other transportation equipment and nickel ores and concentrates were the only groups to post an increase. Moreover, aircraft engines, copper ores and concentrates, and iron ores and concentrates posted the sharpest drops.
Exports to Asia tumbled 23.9% in August and accounted for 8.0% of Québec exports. Noteworthy gains were recorded for iron ores and concentrates, while aircraft and commercial and service industry machinery recorded the most substantial drops.
Imports up in August 2015
Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices rose 0.4% in August 2015 (down 0.2% in Canada). Their cumulative volume for the first eight months of 2015 was 1.8% above its level for the corresponding months of 2014 (2.0% increase in Canada).
Of the 25 main groups of products imported by Québec, 11 posted an upswing in August. The strongest gains were seen in crude oil and jet fuel, followed by unwrought copper and copper alloys. Passenger cars, motor gasoline, and aircraft parts and other aerospace equipment posted the sharpest drops.
Non-seasonally adjusted imports from the United States in current dollars fell by 1.1% in August 2015 and accounted for 35.1% of Québec imports. The highest gains were recorded in light-duty trucks, vans and SUVs, passenger cars and aircraft engines. Crude oil recorded the most significant drop.
Imports from Europe declined by 7.3% and accounted for 24.7% of Québec imports. Pharmaceutical and medicinal products saw the largest increase, followed by wine and brandy. On the other hand, the most significant decreases were recorded in motor gasoline, crude oil and passenger cars.
Finally, imports from Asia dropped by 3.4% and accounted for 22.7% of Québec imports. The most noteworthy gains were recorded by jet fuel, while passenger cars recorded the largest drop.
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