Québec exports up in September 2016

Québec, November 23, 2016 – Québec’s seasonally adjusted international exports in constant dollars at 2007 prices increased by 8.8% in September 2016 (down 2.6% in Canada). The cumulative volume for the nine first months of 2016 was 2.3% below its level for the same period in 2015 (up 1.2% 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 September 2016. The largest increase was in aircraft, followed by unwrought aluminum and aluminum alloys, and pharmaceutical and medicinal products. The greatest declines were in wood pulp and basic and semi-finished aluminum and aluminum-alloy products.

Non-seasonally adjusted exports to the United States in current dollars were up 10.3% in September 2016 and accounted for 70.6% of Québec exports. The highest increases were in aircraft, pharmaceutical and medicinal products, and aircraft parts and aerospace equipment. The biggest declines were in aluminum and aluminum alloys and electricity.

Exports to Europe rose by 30.0% in September and accounted for 14.3% of Québec exports. Aircraft posted the highest gains, followed by oilseeds (including canola) and unwrought aluminum and aluminum alloys.

Exports to Asia shrank 7.2% and accounted for 7.8% of Québec exports in September 2016. Unwrought copper and copper alloys and fresh and frozen pork posted the strongest gains. Commercial and service industry machinery, iron ores and concentrates, and wood pulp had the largest drops.

Imports down in September

Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices were down 2.0% in September 2016 (up 3.6% in Canada). The cumulative import volume for the first nine months of 2016 was 3.2% below its level for the corresponding period in 2015 (down 0.8% in Canada).

Ten of the top 25 products imported by Québec posted an increase in September 2016. The greatest gains were in motor gasoline, jet fuel, and bauxite and aluminum oxide, while the most significant drop was in crude oil.

Non-seasonally adjusted imports to the United States in current dollars were down 3.4% in September 2016 and accounted for 33.4% of Québec imports. The most significant gains were in aircraft parts and aerospace equipment, pharmaceutical and medicinal products, and medium and heavy-duty trucks and chassis. The biggest drops were in light-duty trucks, vans and SUVs and passenger cars.

Imports from Europe were down 7.0% and accounted for 28.8% of Québec imports in September. The largest increases were in motor gasoline, crude oil and passenger cars. The biggest drops were in aircraft parts, miscellaneous parts of machinery and equipment, and pharmaceutical and medicinal products.

Imports from Asia dropped 7.8% and accounted for 23.6% of Québec imports from September 2016. The greatest gains were in crude oil and passenger cars, while the largest drops were in women’s clothing, footwear, and men’s clothing.

 


The Institut de la statistique du Québec produces, analyzes and disseminates official, objective and quality statistical information on various aspects of Québec society. It is responsible for carrying out all statistical surveys of general interest. The relevance of its work makes it a strategic ally for decision makers and all those wishing to learn more about Québec.

Sources:

  • Karine St-Pierre
    Economist
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