Québec, March 23, 2016 – Quebec’s seasonally adjusted international exports in constant dollars at 2007 prices dropped 16.2% in January 2016 (up 0.6% in Canada). However, the volume of exports was 3.6% above its level for January 2015 (up 7.9% in Canada). These figures on international merchandise trade were released today by the Institut de la statistique du Québec.
Sixteen of the top 25 products exported by Québec posted gains in January 2016. Unwrought aluminum and aluminum alloys, diesel fuel, and unwrought copper and copper alloys posted the largest increases. On the other hand, aircraft registered the sharpest drop, followed by commercial and service industry machinery and iron ores and concentrates.
Non-seasonally adjusted exports to the United States in current dollars declined by 14.8% in January 2016 and accounted for 75.5% of Québec exports. The main increases were recorded by unwrought aluminum and aluminum alloys, electricity, and unwrought copper and copper alloys. Aircraft registered the largest decline, followed by pharmaceutical and medicinal products, and aircraft parts and other aerospace equipment.
Exports to Europe were down 34.9% and accounted for 10.9% of Québec exports. The strongest increases were recorded by other communications equipment and by oilseeds (except canola). Aircraft posted the most significant decline, followed by copper ores and concentrates and aircraft engines.
Exports to Asia shrank 29.1% and accounted for 8.2% of Québec exports. The main increase was registered by unwrought aluminum and aluminum alloys, while iron ores and concentrates posted the sharpest decline.
Imports declined in January 2016
Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices dropped 5.4% in January 2016 (up 1.6% in Canada). In the same way, the import volume for January 2016 was 3.5% below its level for January 2015 (down 1.5% in Canada).
Twelve of the top 25 products imported by Québec posted an increase in January. The most notable gains were in light fuel oils, jet fuel, and unwrought iron, steel and ferro-alloys. The largest decreases were posted by crude oil, lubricants and other petroleum refinery products, and bauxite and aluminum.
Non-seasonally adjusted imports from the United States in current dollars were down 15.6% in January 2016 and accounted for 37.5% of Québec imports. The largest increases were in jet fuel, waste and scrap of non-ferrous metals, and pharmaceutical and medicinal products. Motor gasoline recorded the sharpest decline, followed by passenger cars and light-duty trucks, vans and SUVs.
Imports from Europe decreased by 24.2% in January and accounted for 23.7% of Québec imports. The most noteworthy gains were made by motor gasoline, raw furskins and animal products not elsewhere classified, and unwrought iron, steel and ferro-alloys. On the other hand, crude oil registered the most notable drop, followed by passenger cars and by other industry-specific machinery, not elsewhere classified.
Imports from Asia rose by 10.3% and accounted for 24.6% of Québec imports. The main increases were recorded by women’s clothing, footwear, and men’s clothing. Computers and computer peripheral equipment and telephone apparatus registered the sharpest drops.
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