Québec exports down in February 2016

Québec, April 20, 2016 – Québec’s seasonally adjusted international exports in constant dollars at 2007 prices were down 2.3% in February 2016 (up 0.3% in Canada). However, the cumulative export volume for the first two months of 2016 was 1.8% above its level for the same period in 2015 (up 7.3% in Canada). These figures on international merchandise trade were released today by the Institut de la statistique du Québec.

Ten of the 25 major commodity groups exported by Québec posted an increase in February 2016. The strongest gains were recorded by aircraft, followed by iron ores and concentrates, and by medium and heavy-duty trucks and chassis. The sharpest drops were registered by unwrought aluminum and aluminum alloys, followed by diesel fuel and light fuel oils.

Non-seasonally adjusted exports to the United States in current dollars declined by 4.8% in February 2016 and accounted for 71.5% of Québec exports. Aircraft posted the main increase, followed by medium and heavy-duty trucks and chassis and by aircraft parts and other aerospace equipment. On the other hand, unwrought aluminum and aluminum alloys, electricity, and unwrought copper and copper alloys posted the most significant declines.

Exports to Europe rose 7.5% in February and accounted for 11.8% of Québec exports. The most noteworthy gains were made by aircraft, iron ores and concentrates, and aircraft engines. Oilseeds (except canola) and diesel fuel registered the largest declines.

Exports to Asia increased by 23.7% in February and accounted for 10.2% of Québec exports. Aircraft, unwrought copper and copper alloys and iron ores and concentrates posted the strongest increases. However, wood pulp recorded the most significant decline.

Québec imports declined

Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices fell 4.6% in February 2016 (stable in Canada). The cumulative import volume for the first two months of 2016 was 0.5% below its level for the corresponding months of 2015 (down 1.2% in Canada).

Fourteen of the top 25 products imported by Québec posted an increase in February 2016. The strongest gains were recorded by motor gasoline, followed by bauxite and aluminum oxide, and by lubricants and other petroleum refinery products. On the other hand, crude oil posted the largest drop, followed by aircraft parts and other aerospace equipment and plastic resins.

Non-seasonally adjusted imports from the United States in current dollars increased 1.2% and accounted for 36.8% of Québec imports in February 2016. The largest increases were posted by motor gasoline, light-duty trucks, vans and SUVs, and passenger cars. Crude oil experienced the sharpest drop, followed by pharmaceutical and medicinal products.

Imports from Europe rose by 10.8% in February and accounted for 25.4% of Québec imports. The main increases were in passenger cars, radioactive ores and concentrates, and light-duty trucks, vans and SUVs. Among the top 10 commodities imported from Europe, only aircraft parts and other aerospace equipment recorded a decline.

Imports from Asia rose by 3.8% and accounted for 24.6% of Québec imports. The strongest gains were recorded by passenger cars, followed by jet fuel and by computers and computer peripheral equipment. Aircraft parts and other aerospace equipment posted the sharpest drop, followed by men's clothing.

 


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

Sources:

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