Exports down in July 2015

Québec, September 16, 2015 – Québec’s seasonally adjusted international exports in constant dollars at 2007 prices dropped 4.5% in July 2015 (up 0.5% in Canada). However, the cumulative export volume for the first seven months of 2015 was 7.7% above its level for the same period in 2014 (up 4.7% in Canada). These figures on international merchandise trade were released today by the Institut de la statistique du Québec.

Thirteen of the top 25 products exported by Québec posted gains in July. The largest increase was recorded by commercial and service industry machinery, followed by unwrought aluminum and aluminum alloys and aircraft parts and other aerospace equipment. On the other hand, aircraft posted the most significant drop, followed by iron ores and concentrates and electricity.

Non-seasonally adjusted exports to the United States in current dollars were down 8.4% in July 2015 and accounted for 73.1% of Québec exports. Aircraft parts and other aerospace equipment, medium and heavy-duty trucks and chassis, as well as pharmaceutical and medicinal products posted the main increases. The sharpest decline was recorded by aircraft, followed by printed and integrated circuits, semiconductors, and printed circuit assemblies, and by paper (except newsprint).

Exports to Europe were down 8.5%, and their relative share among Québec exports was 10.6%. Diesel fuel, commercial and service industry machinery and aircraft engines posted the strongest gains. In contrast, the sharpest drops were posted by aircraft, followed by iron ores and concentrates.

Exports to Asia increased by 2.0% in July and accounted for 9.8% of Québec exports. Commercial and service industry machinery posted the most notable increase, followed by aircraft. The largest decrease was registered by iron ores and concentrates.

Imports decreased in July 2015

Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices declined by 2.6% in July 2015 (up 0.5% in Canada). However, the cumulative import volume for the first seven months of 2015 was 1.7% above its level for the corresponding months of 2014 (up 2.3% in Canada).

Of the top 25 products imported by Québec, six posted an increase in July 2015. Crude oil posted the strongest gains, followed by jet fuel and unwrought copper and copper alloys. The main declines were recorded by pharmaceutical and medicinal products, lubricants and other petroleum refinery products, and bauxite and aluminum oxide.

Non-seasonally adjusted imports from the United States in current dollars fell by 12.0% in July and accounted for 35.4% of Québec imports. Jet fuel recorded the largest increase, followed by printed and integrated circuits, semiconductors, and printed circuit assemblies. Passenger cars and light-duty trucks, vans and SUVs posted the most significant declines.

Imports from Europe decreased by 14.8% and accounted for 26.7% of Québec imports. Turbines and turbine generator set units posted the strongest increase, followed by lubricants and other petroleum refinery products and wine and brandy. On the other hand, the sharpest drops were posted by pharmaceutical and medicinal products, aircraft parts and other aerospace equipment, and motor gasoline.

Imports from Asia rose by 6.4% and accounted for 23.4% of Québec imports. The main increases were recorded by women and men’s clothing, as well as by footwear. Printed and integrated circuits, semiconductors, and printed circuit assemblies posted the largest drop.


The Institut de la statistique du Québec produces, analyses and disseminates official, objective and quality statistical information on various aspects of Québec society. It is the statistical coordinator for Québec and the relevance of its work makes it a strategic ally for decision makers and all those wishing to learn more about Québec.

Sources:

  • Karine St-Pierre
    Economist
    Phone: 418-691-2411, Ext. 3096
  • Information and Documentation Centre
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