Québec, November 22, 2017. – Québec’s seasonally adjusted international merchandise exports in constant dollars at 2007 prices were up 7.7% in September 2017 (down 2.5% in Canada). The cumulative export volume for the first three quarters of 2017 was 3.0% above the export volume recorded over the same period in 2016 (up 2.1% in Canada). These figures on international merchandise trade were released today by the Institut de la statistique du Québec.
In all, 14 of the top 25 commodity groups exported by Québec posted an increase in September 2017. Aircraft stood out with substantial gains, followed by unwrought aluminum and aluminum alloys and pharmaceutical and medicinal products. Conversely, the most significant declines were in iron ores and concentrates and diesel fuel.
Non-seasonally adjusted exports to the United States in current dollars were up 7.1% in September 2017 and accounted for 70.5% of Québec exports. Aircraft increased the most among exports to our neighbours to the south, followed by aircraft engines and softwood lumber. The sharpest drops were posted by paper (except newsprint) and by medium and heavy-duty trucks and chassis.
Exports to Europe rose 5.2% and accounted for 14.0% of Québec’s exports. Aircraft was the top-ranking commodity and recorded major gains. However, iron ores and concentrates registered the largest decline among commodities exported to Europe in September 2017.
Exports to Asia were up 5.1% and accounted for 8.6% of Québec exports. The highest increases were posted by aircraft and wood pulps, while commercial and service industry machinery registered the most significant drop.
Québec imports up in September 2017
Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices were up 8.6% in September 2017 (up 1.7% in Canada). The cumulative import volume for the first nine months of 2017 was 2.2% above the import volume for the corresponding months of 2016 (up 3.5% in Canada).
Thirteen of the top 25 products imported by Québec posted growth in September 2017. Crude oil, motor gasoline and jet fuel registered strong increases. On the other hand, the sharpest declines were recorded by lubricants and other petroleum refinery products and by pharmaceutical and medicinal products.
Non-seasonally adjusted imports from the United States in current dollars increased by 1.6% and accounted for 34.0% of Québec imports. Crude oil and motor gasoline registered the most significant gains, while aircraft parts and other aerospace equipment declined the most among the top 10 commodities imported from our neighbours to the south.
Imports from Europe declined 3.5% in September 2017 and accounted for 26.6% of Québec imports. Motor gasoline was up the most, while pharmaceutical products and aircraft parts and other aerospace equipment recorded the sharpest drops.
Lastly, imports from Asia were down 7.0% and accounted for 23.2% of the Québec total. The strongest increase was posted by jet fuel, while women’s clothing and footwear registered the largest declines.
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.