Québec’s exports on the upswing in May 2017

Québec, July 26, 2017. – Québec’s seasonally adjusted international exports in constant dollars at 2007 prices were up 2.2% compared with the previous month (up 2.8% in Canada). The cumulative export volume for the first five months of 2017 was 2.3% above its level for the corresponding months of 2016 (up 2.9% in Canada). These figures on international merchandise trade were released today by the Institut de la statistique du Québec.

Eleven of the top 25 products exported by Québec registered growth in May. Aircraft and commercial and service industry machinery posted the largest increases by far. Conversely, unwrought aluminum and aluminum alloys and softwood lumber recorded the sharpest drops.

Non-seasonally adjusted exports to the United States in current dollars were up 8.6% from the previous month and accounted for 72.3% of Québec exports. Exports of aircraft grew the most, followed by prepared and packaged seafood products. In contrast, exports of unwrought aluminum and aluminum alloys declined sharply.

Exports to Europe rose 10.5% compared with the month of April and accounted for 11.7% of Québec exports. Aircraft and iron ores and concentrates registered the most significant increases in May.

Accounting for 8.6% of the Québec total, exports to Asia posted a monthly decline of 6.6% in May. This drop was due in part to a decrease in exports of heavy fuel oils and iron ores and concentrates. On the other hand, exports of aircraft rose significantly.

Imports also up in May

Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices were up 13.5% in May (up 2.1% in Canada). The cumulative import volume for 2017 showed a 2.5% increase compared with its level for the first five months of 2016 (up 2.7% in Canada).

Eleven of the top 25 commodity groups imported by Québec posted an increase in May 2017. Crude oil and motor gasoline registered the strongest growth, while jet fuel and passenger cars were down the most.

Non-seasonally adjusted imports from the United States in current dollars rose 20.9% in May 2017. They accounted for 34.6% of Québec imports. Imports of crude oil grew the most, followed by imports of light-duty trucks, vans and SUVs.

Imports from Europe accounted for 29.5% of total Québec imports. The monthly increase of 22.7% was due in part to imports of motor gasoline, crude oil, and aircraft. Conversely, imports of aircraft parts and other aerospace equipment decreased in May compared with the previous month.

Finally, imports from Asia accounted for 20.7% of the Québec total. They were up 11.1% compared with the month of April. Imports of wire and other rolled and drawn steel products, light-duty trucks, vans and SUVs, and footwear grew the most in May.

 


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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