Québec exports down in April 2017

Québec, June 21, 2017. – Québec’s seasonally adjusted international exports in constant dollars at 2007 prices were down 2.5% in April 2017 (up 0.3% in Canada). However, the cumulative export volume for the first four months of 2017 was 0.3% above its level for the corresponding months of 2016 (up 1.1% 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 April 2017. The most significant gains were recorded by unwrought aluminum and aluminum alloys, iron ores and concentrates, and electricity. On the other hand, aircraft registered the sharpest decline, followed by commercial and service industry machinery, and pharmaceutical and medicinal products.

Non-seasonally adjusted exports to the United States in current dollars dropped 4.4% in April 2017 and accounted for 73.3% of Québec exports. Aluminum and aluminum alloys posted the largest increase, followed by softwood lumber. Aircraft, unwrought copper and copper alloys, and aircraft parts and other aerospace equipment recorded the most significant decreases in exports to the United States.

Exports to Europe decreased by 33.8% in April 2017 and accounted for 11.3% of Québec exports. The most substantial gains were posted by lubricants and other petroleum refinery products. Conversely, aircraft registered the largest drop, followed by iron ores and concentrates and aircraft engines.

Exports to Asia shrank by 3.9% and accounted for 9.7% of Québec exports in April 2017. Heavy fuel oils, iron ores and concentrates, and unwrought copper and copper alloys recorded the most gains among commodities exported to Asia. The sharpest declines were in aircraft and fresh and frozen pork.

Québec imports also down in April

Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices dropped 3.7% in April 2017 (down 0.4% in Canada). The cumulative import volume for the first four months of 2017 was 0.2% below its level for the corresponding months of 2016 (up 2.2% in Canada).

Fourteen of the top 25 commodity groups imported by Québec posted an increase in April 2017. The main increases were recorded by motor gasoline, jet fuel, and passenger cars. Crude oil registered the largest drop, followed by light-duty trucks, vans and SUVs, and bauxite and aluminum oxide.

Non-seasonally adjusted imports from the United States in current dollars were down 19.7% and accounted for 33.2% of Québec imports in April 2017. Crude oil was down the most, followed by aircraft parts and other aerospace equipment, and pharmaceutical and medicinal products.

Imports from Europe declined 0.1% and accounted for 28.6% of Québec imports in April 2017. The highest increases were posted by motor gasoline, unwrought copper and copper alloys, and passenger cars. On the other hand, pharmaceutical products and wine and brandy recorded the sharpest drops.

Imports from Asia declined by 5.2% in April 2017 and accounted for 22.2% of Québec imports. Among the top ten commodities imported from Asia, only jet fuel posted gains. The main declines were in light-duty trucks, vans and SUVs, passenger cars, as well as computers and computer peripheral 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.

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