Québec, December 21, 2016 – Québec’s seasonally adjusted international exports in constant dollars at 2007 prices dropped 4.6% in October 2016 (down 0.3% in Canada). Their cumulative volume for the first 10 months of 2016 was 2.6% below the level recorded for the same period in 2015 (up 1.0% 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 October 2016. The largest increase was in pharmaceutical and medicinal products, followed by unwrought copper and copper alloys and unwrought iron, steel and ferro-alloys. The most significant drop was in aircraft, followed by diesel fuel and unwrought aluminum and aluminum alloys.
Non-seasonally adjusted exports to the United States in current dollars were down 0.6% and accounted for 73.2% of Québec exports in October 2016. The greatest gains were in unwrought aluminum and aluminum alloys; other transportation equipment; and pharmaceutical and medicinal products. The most significant decline was in aircraft, followed by aircraft parts and other aerospace equipment.
Exports to Europe were down 27.7% and accounted for 10.8% of Québec exports in October. Among the top ten products, those posting the highest gains were unwrought iron, steel and ferro-alloys; copper ores and concentrates; and commercial and service industry machinery. The largest drops were in aircraft, aircraft engines and iron ores and concentrates.
Exports to Asia increased by 13.5% and accounted for 9.3% of Québec exports in October 2016. The strongest gains were recorded by oilseeds (except canola), followed by turbines and turbine generator set units. The largest declines were in iron ores and concentrates and passenger cars.
Québec imports also down in October 2016
Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices dropped by 5.3% in October 2016 (down 6.1% in Canada). Their cumulative volume for the first ten months of 2016 was 3.4% under the level recorded for the same period in 2015 (down 0.4% in Canada).
Ten of the top 25 products imported by Québec posted an increase in October 2016. The main increases were recorded by light-duty trucks, vans and SUVs; waste and scrap of non-ferrous metals; and printed and integrated circuits, semiconductors, and printed circuit assemblies. Crude oil posted the greatest decline, followed by aircraft parts and other aerospace equipment and bauxite and aluminum oxide.
Non-seasonally adjusted imports from the United States in current dollars were up 0.8% and accounted for 35.0% of Québec imports in October 2016. The greatest gains were in motor gasoline and crude oil, while the largest drops were in passenger cars; aircraft parts and other aerospace equipment; and medium- and heavy-duty trucks and chassis.
Imports from Europe declined by 9.2% and accounted for 26.8% of Québec imports in October 2016. Pharmaceutical and medicinal products posted the strongest growth, followed by wine and brandy and light-duty trucks, vans and SUVs. The biggest drop was in motor gasoline, followed by aircraft parts and other aerospace equipment.
Imports from Asia declined by 3.6% and accounted for 23.2% of all Québec imports in October 2016. Computers and computer peripheral equipment and televisions and other audio and video equipment posted the largest increase. The sharpest drops were in passenger cars, women’s clothing and jet fuel.
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