Québec, January 25, 2017 – Québec’s seasonally adjusted international exports in constant dollars at 2007 prices increased by 7.7% in November 2016 (up 7.8% in Canada). However, their cumulative volume for the first eleven months of 2016 was 1.9% below the level for the same period in 2015 (up 1.5% in Canada). These figures on international merchandise trade were released today by the Institut de la statistique du Québec.
Eighteen of the top 25 products exported by Québec posted gains in November 2016. The largest of these were in aircraft, followed by unwrought aluminum and aluminum alloys and medical, dental and personal safety supplies and equipment. Conversely, the most significant declines were in pharmaceutical and medicinal products; electricity; and iron ores and concentrates.
Non-seasonally adjusted exports to the United States in current dollars were up 5.5% in November 2016 and accounted for 70.3% of all Québec exports. Aircraft posted the largest increase, followed by unwrought aluminum and aluminum alloys and unwrought precious metals and precious metal alloys. Conversely, aircraft engines recorded the biggest drop, followed by softwood lumber.
Exports to Europe rose by 31.8% in November 2016 and accounted for 13.0% of Québec exports. The greatest increase was in aircraft, followed by other metal ores and concentrates, not elsewhere classified, and oilseeds, except for canola. Conversely, the most significant drops were in copper ores and concentrates and aircraft engines.
Exports to Asia increased by 5.6% and accounted for 9.0% of Québec exports in November 2016. The greatest gains were in iron ores and concentrates and other crop products, not elsewhere classified (mainly maple syrup). Oilseeds, except for canola, posted the steepest drop.
November 2016 imports down
Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices dropped by 1.5% in November 2016 (down 1.2% in Canada). The cumulative import volume for the first eleven months of 2016 was 3.1% below its level for the corresponding months in 2015 (down 0.5% in Canada).
Twelve of the top 25 products imported by Québec posted an increase in November 2016. Crude oil recorded the greatest gains, followed by bauxite and aluminum oxide and pharmaceutical and medicinal products. Conversely, the steepest losses were in motor gasoline, followed by light-duty trucks, vans and SUVs and aircraft parts and other aerospace equipment.
Non-seasonally adjusted imports from the United States in current dollars were down 6.7% and accounted for 32.7% of Québec imports in November 2016. The most significant gains were in pharmaceutical and medicinal products; waste and scrap of non-ferrous metals, primarily those containing gold; and printed and integrated circuits, semiconductors, and printed circuit assemblies. The largest declines were in crude oil; light-duty trucks, vans and SUVs; and passenger cars.
Imports from Europe rose by 3.7% and accounted for 28.0% of Québec imports in November 2016. Crude oil posted the largest increase, followed by passenger cars. Conversely, motor gasoline and aircraft parts and other aerospace equipment posted the biggest drops.
Imports from Asia rose by 1.3% and accounted for 23.3% of all Québec imports in November 2016. The largest increases were posted in passenger cars, computers and computer peripheral equipment, and telephone apparatus. The biggest drops were posted in televisions and other audio and video equipment and aircraft parts and other aerospace equipment.
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.