Québec, January 20, 2016 – Québec’s seasonally adjusted international exports in constant dollars at 2007 prices declined 1.3% in November 2015 (up 1.6% in Canada). However, the cumulative export volume for the first eleven months of 2015 was 4.1% above its level for the same period in 2014 (up 4.9% in Canada). These figures on international merchandise trade were released today by the Institut de la statistique du Québec.
Ten of the top 25 products exported by Québec posted gains in November 2015. The most notable increases were registered by unwrought copper and copper alloys and pharmaceutical and medicinal products. On the other hand, aircraft recorded the sharpest decline, followed by unwrought aluminum and aluminum alloys and iron ores and concentrates.
Non-seasonally adjusted exports to the United States in current dollars decreased by 2.8% in November 2015 and accounted for 71.7% of Québec exports. The highest increases were posted by pharmaceutical and medicinal products, unwrought precious metals and precious metal alloys, and unwrought copper and copper alloys. Unwrought aluminum and aluminum alloys and aircraft registered the largest drops.
Exports to Europe were down 37.4% and accounted for 9.0% of Québec exports. The main increases were recorded by other metal ores and concentrates not elsewhere classified and by turbines and turbine generator set units. Aircraft posted the sharpest decline, followed by iron ores and concentrates.
Exports to Asia rose by 25.6% and accounted for 11.0% of Québec exports. The largest increases were posted by unwrought copper and copper alloys, other metal ores and concentrates not elsewhere classified, and aircraft. Among the 10 major products exported to Asia, only oilseeds recorded a significant drop.
Decline in imports in November 2015
Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices contracted 7.5% in November 2015 (down 1.4% in Canada). However, the cumulative import volume for the first eleven months of 2015 was 1.2% above its level for the corresponding months of 2014 (up 0.7% in Canada).
Of the top 25 products imported by Québec, eight posted an increase in November. The most significant increases were registered by light-duty trucks, vans and SUVs, bauxite and aluminum oxide, and jet fuel. Crude oil, motor gasoline and passenger cars recorded the sharpest drops.
Non-seasonally adjusted imports from the United States in current dollars were down 3.0% and accounted for 38.3% of Québec imports in November 2015. The most important gains were seen in turbines and turbine generator set units, jet fuel, and light fuel oils. Crude oil registered the largest drop, followed by passenger cars.
Imports from Europe declined by 9.6% and accounted for 25.1% of Québec imports in November. Aircraft posted a strong increase, followed by pharmaceutical and medicinal products. Motor gasoline registered the largest drop, followed by ammonia and chemical fertilizers, and wine and brandy.
Imports from Asia were down 6.4% and accounted for 21.6% of Québec imports. The main increases were posted by computers and computer peripheral equipment, light-duty trucks, vans and SUVs, and telephone apparatus. In contrast, women and men’s clothing registered the largest declines.
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