Québec exports down in August 2016

Québec, October 19, 2016 – Québec’s seasonally adjusted international exports in constant dollars at 2007 prices dropped 4.3% in August 2016 (up 4.2% in Canada). The cumulative volume for the first eight months of 2016 was 2.4% below its level for the corresponding period in 2015 (up 1.7% in Canada). These figures on international merchandise trade were released today by the Institut de la statistique du Québec.

Seven of the 25 major commodity groups exported by Québec were up in August 2016. The highest increases were in diesel fuel, commercial and service industry machinery, and measuring and control devices; electrical, medical, scientific and technical instruments. The largest drops were in aircraft, unwrought aluminum and aluminum alloys, and pharmaceutical and medicinal products.

Non-seasonally adjusted exports to the United States in current dollars declined by 2.5% in August 2016 and accounted for 71.4% of Québec exports. The strongest gains were in unwrought copper and copper alloys, paper (except newsprint), and medium- and heavy-duty trucks and chassis. Aircraft posted the greatest loss, followed by unwrought aluminum and aluminum alloys, and printed and integrated circuits, semiconductors, and printed circuit assemblies.

Exports to Europe were down 3.9% and accounted for 12.2% of Québec exports in August 2016. The highest increases were recorded in diesel fuel, other metal ores and concentrates not elsewhere classified, and copper ores and concentrates. Iron ores and concentrates, aircraft and aircraft engines posted the greatest drops.

Exports to Asia shrank 7.4% and accounted for 9.4% of Québec exports in August. The highest gains were in iron ores and concentrates, followed by commercial and service industry machinery and aircraft parts and other aerospace equipment. However, wood pulp recorded the most significant decline.

Québec imports down in August

Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices were down 0.4% in August 2016 (up 0.5% in Canada). The cumulative volume for the first eight months of 2016 was 3.6% lower its level for the corresponding months of 2015 (down 1.5% in Canada).

Thirteen of the top 25 products imported by Québec posted an increase in August 2016. Pharmaceutical and medicinal products posted the highest increases, followed by light-duty trucks, vans and SUVs, and lubricants and other petroleum refinery products. The most significant drops were in motor gasoline, jet fuel, and bauxite and aluminum oxide.

Non-seasonally adjusted imports from the United States in current dollars increased 10.5% and accounted for 32.1% of Québec imports in August 2016. The highest gains were in light-duty trucks, vans and SUVs, and passenger cars, while the most significant drop was in crude oil.

Imports from Europe were up 9.8% and accounted for 28.4% of Québec imports in August. The greatest increase was in unwrought precious metals and precious metal alloys, followed by aircraft parts and other aerospace equipment, and pharmaceutical and medicinal products. The greatest decrease was in motor gasoline.

Imports from Asia were up 8.2% and accounted for 24.0% of Québec imports. The largest increase was in toys and games, followed by tires and telephone apparatus. The most significant decline was in passenger cars and light-duty trucks, vans and SUVs.

 


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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