Québec, May 18, 2016 – Québec’s seasonally adjusted international merchandise exports in constant dollars at 2007 prices rose 7.4% in March 2016 (down 4.3% in Canada). The cumulative export volume for the first quarter of 2016 was 1.7% above its level for the same period in 2015 (up 5.5% in Canada). These figures on international merchandise trade were released today by the Institut de la statistique du Québec.
Fifteen of the top 25 products exported by Québec posted gains in March 2016. Aircraft posted the highest increase, followed by electricity and unwrought aluminum and aluminum alloys. On the other hand, iron ores and concentrates recorded the sharpest drop, followed by unwrought copper and copper alloys, and medium and heavy-duty trucks and chassis.
Non-seasonally adjusted exports to the United States in current dollars were up 8.2% in March 2016 and accounted for 68.6% of Québec exports. The main increases were registered by aircraft, unwrought aluminum and aluminum alloys, and pharmaceutical and medicinal products.
Exports to Europe increased by 38.5% and accounted for 15.0% of Québec exports. The most noteworthy gain was posted by aircraft, followed by iron ores and concentrates and diesel fuel. However, aircraft engines recorded the largest decline.
Exports to Asia increased by 13.3% and accounted for 10.2% of Québec exports. Aircraft registered the largest increase, followed by commercial and service industry machinery and fresh and frozen pork. Iron ores and concentrates, unwrought copper and copper alloys, as well as aircraft parts and other aerospace equipment recorded the most significant drops.
Imports up in March
Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices were up 0.4% in March 2016 (down 1.2% in Canada). However, the cumulative import volume for the first quarter of 2016 was 3.5% below its level for the same period in 2015 (down 2.3% in Canada).
Twelve of the top 25 products imported by Québec posted an increase in March 2016. Unwrought copper and copper alloys posted the strongest increase, followed by printed and integrated circuits, semiconductors, and printed circuit assemblies and by lubricants and other petroleum refinery products. On the other hand, jet fuel, crude oil and motor gasoline recorded the sharpest drops.
Non-seasonally adjusted imports from the United States in current dollars declined 0.7% and accounted for 35.9% of Québec imports in March 2016. The main increases were recorded by printed and integrated circuits, semiconductors, and printed circuit assemblies, passenger cars, and waste and scrap of non-ferrous metals. Motor gasoline posted the main decrease, followed by aircraft parts and other aerospace equipment, and plastic resins.
Imports from Europe rose by 8.0% and accounted for 26.7% of Québec imports. The strongest increases were registered by motor gasoline, passenger cars and tires. Conversely, the main commodities on the decline included raw furskins and animal products not elsewhere classified, wine and brandy, and aircraft parts and other aerospace equipment.
Imports from Asia dropped 13.4% and accounted for 20.7% of Québec imports. Passenger cars showed the highest increase, followed by printed and integrated circuits, semiconductors, and printed circuit assemblies, and by computers and computer peripheral equipment. The largest declines were posted by women’s clothing, footwear, and aircraft parts and other aerospace equipment.
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