Québec, August 17, 2016 – Québec’s seasonally adjusted international exports in constant dollars at 2007 prices increased 3.6% in June 2016 (up 0.6% in Canada). The cumulative export volume for the first six months of 2016 was 1.3% below the level for the corresponding period in 2015 (up 2.2% 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 were up in June 2016. The most significant gains were in aircraft, followed by pharmaceutical and medicinal products and iron ores and concentrates. Unwrought aluminum and aluminum alloys posted the steepest decline, followed by commercial and service industry machinery and electricity.
Non-seasonally adjusted exports to the United States in current dollars were up 2.1% in June 2016, accounting for 71.0% of Québec exports. Aircraft recorded the highest increase, followed by pharmaceutical and medicinal products and printed and integrated circuits, semiconductors, and printed circuit assemblies. In contrast, unwrought aluminum and aluminum alloys and unwrought copper and copper alloys posted the biggest drops.
Exports to Europe were up 17.5%, accounting for 14.2% of Québec exports in June. Main increases were attributable to aircraft, iron ores and concentrates and aircraft engines, while aircraft parts and other aerospace equipment recorded the sharpest drop.
Exports to Asia were up 2.0%, accounting for 7.9% of Québec exports in June. Aircraft recorded the highest increase, followed by newsprint and wood pulp, while oilseeds, except canola, posted the largest decline.
Imports up in June
Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices went up 3.2% in June 2016 (a 0.7% drop in Canada). However, their cumulative volume for the first six months of 2016 was 6.0% below the level for the corresponding months in 2015 (down 1.8% in Canada).
Thirteen of the top 25 products imported by Québec posted an increase in June 2016. Jet fuel, crude oil and motor gasoline posted the strongest gains. In contrast, aircraft parts and other aerospace equipment recorded the largest drop, followed by lubricants and other petroleum refinery products and tires.
Non-seasonally adjusted imports from the United States in current dollars were down 2.4%, accounting for 32.7% of all Québec imports in June 2016. Jet fuel had the highest growth, followed by light-duty trucks, vans and SUVs, and passenger cars, while tires and aircraft parts and other aerospace equipment registered the sharpest drops.
Imports from Europe increased 6.0%, accounting for 28.8% of all Québec imports in June. Motor gasoline and crude oil posted the highest gains, while aircraft parts and other aerospace equipment recorded the largest decline.
Imports from Asia rose 21.4%, accounting for 23.1% of all Québec imports in June. Jet fuel, turbines and turbine generator set units and women’s clothing recorded the strongest growth, while passenger cars had the biggest drop.