Québec, December 20, 2017. – Québec’s seasonally adjusted international merchandise exports in constant dollars at 2007 prices were down 3.6% in October 2017 (up 2.9% in Canada). However, the cumulative export volume for the first 10 months of 2017 was 2.9% above the export volume recorded over the same period in 2016 (up 2.2% in Canada). These figures on international merchandise trade were released today by the Institut de la statistique du Québec.
Fourteen of the top 25 products exported by Québec posted gains in October 2017. The main increase was in diesel fuel, followed by medium and heavy-duty trucks and chassis. However, aircraft declined significantly following strong growth in September.
Non-seasonally adjusted exports to the United States in current dollars were up 3.9% in October 2017 and accounted for 71.6% of Québec exports. Aluminum and aluminum alloys stood out with substantial gains, followed by medium and heavy-duty trucks and chassis, then by softwood lumber. Aircraft recorded the sharpest drop in exports to our neighbours to the south.
Exports to Europe declined 7.6% and accounted for 13.4% of Québec exports. The main increases were in oilseeds, except canola, copper ores and concentrates, and diesel fuel. On the other hand, aircraft posted the largest decline.
Exports to Asia dropped by 15.5% and accounted for 7.0% of Québec exports. Unwrought iron, steel and ferro-alloys recorded the greatest gains. However, aircraft registered the sharpest drop, followed by wood pulps and iron ores and concentrates.
Québec imports also down in October 2017
Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices decreased by 2.7% in October 2017 (down 3.9% in Canada). The cumulative import volume for the first 10 months of 2017 was 2.9% above the import volume recorded over the same period in 2016 (up 3.5% in Canada).
Fourteen of the top 25 products imported by Québec posted growth in October 2017. The highest increases were attributable to jet fuel, lubricants and other petroleum refinery products, and plastic resins. Motor gasoline recorded the largest decline, followed by light-duty trucks, vans and SUVs and crude oil.
Non-seasonally adjusted imports from the United States in current dollars increased by 5.3% in October 2017 and accounted for 35.0% of Québec imports. Crude oil registered the most substantial gains, while light-duty trucks, vans and SUVs were down the most.
Imports from Europe were up 9.5% in October 2017 and accounted for 28.5% of Québec imports. The strongest growth came from lubricants and other petroleum refinery products, pharmaceutical and medicinal products, and wine and brandy. In contrast, motor gasoline posted the sharpest drop.
Lastly, imports from Asia were down 4.2% and accounted for 21.4% of the Québec total. Jet fuel was up the most, while the largest decreases were registered by light-duty trucks, vans and SUVs and passenger cars.
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.