Québec, September 21, 2016 – Québec’s seasonally adjusted international exports in constant dollars at 2007 prices dropped 3.4% in July 2016 (up 0.7% in Canada). However, the cumulative export volume for the first seven months of 2016 was 2.4% below that for the same 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.
Sixteen of the top 25 products exported by Québec posted gains in July 2016. The largest increase was in commercial and service industry machinery, followed by unwrought aluminum and aluminum alloys and basic and semi-finished non-ferrous metal products (except aluminum). The sharpest decrease was recorded by aircraft, followed by iron ores and concentrates and pharmaceutical and medicinal products.
Non-seasonally adjusted exports to the United States in current dollars declined by 4.4% in July 2016 and accounted for 72.6% of Québec exports. The largest increase was in unwrought aluminum and aluminum alloys, followed by electricity and softwood lumber. The greatest drop was in aircraft, followed by pharmaceutical and medicinal products and printed and integrated circuits, semiconductors and printed circuit assemblies.
Exports to Europe plummeted 17.2% and accounted for 12.5% of Québec exports. The main increases were in grains (except wheat) and turbines and turbine generator set units. The most significant drops were posted in aircraft, iron ores and concentrates, and aircraft engines.
Exports to Asia increased by 3.3% and accounted for 8.7% of Québec exports. Unwrought copper and copper alloys and commercial and service industry machinery posted the strongest gains. Aircraft posted the sharpest decline, followed by iron ores and concentrates and newsprint.
Imports down in July
Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices decreased 1.9% in July 2016 (down 1.5% in Canada). The cumulative import volume for the first seven months of 2016 was 4.4% below that for the same period in 2015 (down 1.8% in Canada).
Thirteen of the top 25 products imported by Québec posted gains in July 2016. Crude oil had the sharpest increase, followed by passenger cars. The largest drop was in motor gasoline, followed by jet fuel and aircraft parts and other aerospace equipment.
Non-seasonally adjusted imports from the United States in current dollars plummeted 16.9% and accounted for 31.1% of Québec imports in July 2016. Crude oil posted the strongest gains, followed by waste and scrap of non-iron metals and pharmaceutical and medicinal products. The greatest drops were in light-duty trucks, vans and SUVs, passenger cars and aircraft parts and other aerospace equipment.
Imports from Europe dropped 11.8% and accounted for 27.8% of Québec imports in July. Crude oil, miscellaneous parts of machinery and equipment, and lubricants and other petroleum refinery products posted the highest gains. Motor gasoline recorded the largest drop, followed by aircraft parts and other aerospace equipment and passenger cars.
Imports from Asia were down 4.2% and accounted for 23.9% of Québec imports in July. The highest increases were in women’s clothing, men’s clothing and computers and computer peripheral equipment. The most significant declines were in passenger cars; light trucks, vans and SUVs; and telephone apparatus.
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