Québec, August 23, 2017. – Québec’s seasonally adjusted international merchandise exports in constant dollars at 2007 prices were up 6.6% in June 2017 (down 2.6% in Canada). The cumulative export volume for the first half of 2017 was 3.3% above the export volume recorded over the same period in 2016 (up 3.2% in Canada). These figures on international merchandise trade were released today by the Institut de la statistique du Québec.
Eleven of the top 25 commodity groups exported by Québec posted an increase in June 2017. Exports of aircraft grew the most, followed by exports of unwrought aluminum and aluminum alloys, and commercial and service industry machinery. The sharpest drops were posted by pharmaceutical and medicinal products, miscellaneous parts of machinery and equipment, and unwrought copper and copper alloys.
Non-seasonally adjusted exports to the United States in current dollars were up 0.3% in June 2017 and accounted for 69.6% of Québec exports. Aircraft registered the most significant growth among all commodities exported to our neighbours to the south, while aircraft engines ranked second. On the other hand, the largest decreases were posted by paper (except newsprint), prepared and packaged seafood products, and semi-finished non-ferrous metal products (except aluminum).
Exports to Europe surged by 35.4% and accounted for 15.2% of Québec exports. Aircraft stood out with noteworthy gains, followed by commercial and service industry machinery, and copper ores and concentrates. However, iron ores and concentrates registered the largest decline among commodities exported to Europe in June 2017.
Exports to Asia declined by 0.8% and accounted for 8.2% of Québec exports. Iron ores and concentrates posted the strongest growth, followed by wood pulp and newsprint. Conversely, aircraft, fresh and frozen pork, as well as commercial and service industry machinery recorded the sharpest drops among commodities exported to Asia in June.
Québec’s imports declined in June
Quebec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices went down 3.6% in June 2017 (up 1.2% in Canada). Nevertheless, the cumulative import volume for the first half of 2017 was 2.6% above the import volume for the corresponding months of 2016 (up 3.3% in Canada).
Twelve of the top 25 products imported by Québec posted gains in June 2017. Aircraft registered a strong increase, followed by bauxite and aluminum oxide, and by computers and computer peripheral equipment. Motor gasoline and crude oil recorded the largest declines.
Non-seasonally adjusted imports from the United States in current dollars were down 2.5% and accounted for 34.8% of Québec imports in June 2017. Imports of aircraft grew the most, followed by imports of pharmaceutical and medicinal products. Crude oil recorded the main decline, while passenger cars and aircraft engines came in second.
Imports from Europe declined 5.0% in June 2017 and accounted for 28.7% of Québec imports. The highest increases were in crude oil and unwrought precious metals and precious metal alloys, mainly silver. In contrast, motor gasoline posted the sharpest drop.
Imports from Asia rose 6.5% and accounted for 22.9% of Québec imports. The strongest gains were made by jet fuel, computers and computer peripheral equipment, and women’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.