Québec, July 20, 2016 – Québec’s seasonally adjusted international merchandise exports in constant dollars at 2007 prices rose 1.5% in May 2016 (down 4.8% in Canada). The cumulative export for the first five months of 2016 was 0.1% above the level for the corresponding period in 2015 (up 3.1% 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 posted an increase in May 2016. The highest increases were in unwrought aluminum and aluminum alloys, iron ores and concentrates, and electricity. However, the greatest drops were in commercial and service industry machinery, diesel fuel, and pharmaceutical and medicinal products.
Non-seasonally adjusted exports to the United States in current dollars were up 11.3% in May 2016 and accounted for 72.9% of Québec’s exports. The most notable gains were in aircraft, followed by unwrought aluminum and aluminum alloys, and unwrought copper and copper alloys. Conversely, pharmaceutical and medicinal products registered the steepest decline, followed by medium- and heavy-duty trucks and chassis and paper, but excluding newsprint.
Exports to Europe declined 1.4% in May and accounted for 12.6% of Québec’s exports. The highest gains were in iron ores and concentrates, unwrought aluminum and aluminum alloys, and heavy fuel oils, while the largest decrease was in aircraft.
Exports to Asia dropped 14.4% and accounted for 8.1% of Québec’s May exports. The strongest gains were in oilseeds (excluding canola), followed by commercial and service industry machinery and newsprint, while the steepest drops were in iron ores and concentrates, followed by wood pulp.
Québec’s exports up in May
Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices rose 2.3% in May 2016 (down 1.2% in Canada). However, the cumulative import volume for the first five months of 2016 was 6.4% below its level for the corresponding months of 2015 (down 2.3% in Canada).
Fifteen of the top 25 products imported by Québec posted an increase in May 2016. The highest rise was in motor gasoline, followed by lubricants and other petroleum refinery products and jet fuel. However, bauxite and aluminum oxide, aircraft, and printed and integrated circuits, semiconductors and circuit assemblies recorded steep drops.
Non-seasonally adjusted imports from the United States in current dollars rose 0.4% and accounted for 35.3% of Québec’s May 2016 imports. Passenger cars had the highest increase, followed by tires and medium and heavy trucks. The largest decrease was in aircraft, followed by aircraft engines and printed and integrated circuits, semiconductors and circuit assemblies.
Imports from Europe rose 13.2% and accounted for 28.5% of Québec’s imports in May. Motor gasoline posted the highest gain, followed by pharmaceutical and medicinal products, raw furskins and animal products not elsewhere classified. Precious metals and precious metal alloys had the sharpest decline.
Imports from Asia were down 5.5% and accounted for 20.1% of Québec’s imports for May. Among the top ten commodities imported from Asia, only shoes posted a significant increase. The greatest decrease was in printed and integrated circuits, semiconductors and circuit assemblies, followed by women’s clothing and aircraft parts and other aerospace equipment.
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