Québec’s international exports down in February 2017

Québec, April 26, 2017. – Québec’s seasonally adjusted international exports in constant dollars at 2007 prices dropped 4.6% in February 2017 (down 2.0% in Canada). Also, their cumulative volume for the first two months of 2017 was 3.2% below its level for the corresponding months of 2016 (in Canada, a 3.0% downturn). These figures on international merchandise trade were released today by the Institut de la statistique du Québec.

Seven of the top 25 products exported by Québec posted gains in February 2017. The sharpest export increases came from commercial and service industry machinery, unwrought iron, steel and ferro-alloys, and unwrought aluminum and aluminum alloys. Conversely, the most significant export declines came from aircraft and iron ores and concentrates.

Non-seasonally adjusted exports to the United States in current dollars were down 8.1% in February 2017, accounting for 71.3% of Québec exports. Among the top ten products exported to the United States, the biggest increase came from unwrought precious metals and precious metal alloys, then from medium and heavy-duty trucks and chassis. Conversely, the most significant export decreases came from unwrought aluminum and aluminum alloys, electricity and paper, excluding newsprint.

Exports to Europe grew by 13.5% in February 2017 and accounted for 14.2% of Québec exports. Diesel fuel exports posted the sharpest gain, followed by aircraft and aircraft engines. On the otherwise, the most significant export declines came from oilseeds (except canola), followed by measuring and control devices, electrical, medical, scientific and technical instruments, and aircraft parts and other aerospace equipment.

Exports to Asia were down 8.3%, and accounted for 8.2% of Québec exports in February 2017. Commercial and service industry machinery and fresh and frozen pork posted the most significant increases. On the other hand, the sharpest downturn came from aircraft, followed by iron ores and concentrates.

Québec imports down in February 2017

Québec’s seasonally adjusted international imports in constant dollars at 2007 prices dropped 2.9% in February 2017 (up 1.4% in Canada). Also, their cumulative volume for the first two months of 2017 was 0.7% below its level for the corresponding months of 2016 (in Canada, a 1.7% increase).

Nine of the top 25 products imported by Québec posted an increase in February 2017. The sharpest increases came from passenger cars and unwrought iron, steel and ferro-alloys, followed by tires. Conversely, the sharpest downturns came from crude oil and motor gasoline.

Non-seasonally adjusted imports from the United States in current dollars grew 6.4% and accounted for 33.4% of Québec imports in February 2017. Among the top ten products, imports of light-duty trucks, vans and SUVs posted the most significant increase, followed passenger cars, medium and heavy-duty trucks and chassis, and tires. On the other hand, the sharpest import downtowns were posted by aircraft parts and other aerospace equipment, and jet fuel.

Imports from Europe were down 1.9% in February 2017, accounting for 25.1% of Québec imports. The biggest increase came from passenger cars, followed by chemicals products not elsewhere classified, and unwrought iron, steel and ferro-alloys. The sharpest import drop came from motor gasoline, followed by pharmaceutical and medicinal products, and aircraft parts and other aerospace equipment.

Imports from Asia were down 4.0% in February 2017, accounting for 23.9% of Québec imports. Passenger cars accounted for the leading increase in imports, followed by light-duty trucks, vans and SUVs. Conversely, the sharpest drops were reported for women’s clothing, jet fuel and footwear.

 


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.

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