Québec, October 25, 2017. – Québec’s seasonally adjusted international exports in constant dollars at 2007 prices were down 4.5% in August (down 0.5% in Canada). Still, the cumulative export volume for the first eight months of the year was up 3.3% compared to its level for the same period in 2016 (up 2.6% in Canada). These figures on international merchandise trade were released today by the Institut de la statistique du Québec.
Among the top 25 products exported by Québec, 15 posted an increase compared with the previous month. Commercial and service industry machinery stood out with the strongest increase, followed by aircraft engines and aircraft. On the other hand, exports of aluminum and aluminum alloys declined the most in August.
Non-seasonally adjusted exports to the United States in current dollars accounted for 70.7% of Québec exports. They were down 4.5% compared with the month of July. Aircraft posted the largest increase, followed by medium and heavy-duty trucks and chassis. Exports of aluminum and aluminum alloys were down the most.
Exports to Europe grew by 5.0% and accounted for 14.3% of Québec exports. Exports of copper ores and concentrates, aircraft, and aircraft engines rose the most in August, whereas other metal ores and concentrates not elsewhere classified posted the sharpest drop.
Exports to Asia were up 3.1% compared with the month of July and accounted for 8.8% of Québec’s total exports. Commercial and service industry machinery and iron ores and concentrates stood out with the largest monthly increases, while aircraft exports declined the most.
Québec’s imports also down
Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices dropped by 6.5% (stable in Canada). Nonetheless, the cumulative import volume for 2017 showed a 2.0% increase compared with its level for the first eight months of 2016 (up 3.7% in Canada).
Thirteen of the top 25 products imported by Québec posted a monthly increase. Pharmaceutical and medicinal products recorded by far the most significant growth in August, while crude oil and motor gasoline registered the largest decline.
Non-seasonally adjusted imports from the United States in current dollars accounted for 32.9% of Québec imports. They were up 7.6% compared with the previous month. Light-duty trucks, vans and SUVs, passenger cars, and pharmaceutical and medicinal products rose the most in August. In contrast, crude oil registered the most substantial monthly drop.
Imports from Europe decreased by 7.5% and accounted for 26.8% of Québec imports. Pharmaceutical and medicinal products registered by far the largest increase, while motor gasoline posted the sharpest decline.Finally, imports from Asia accounted for 24.9% of Québec imports and were down 0.1% compared with the previous month. Imports of toys and games and of aircraft parts and other aerospace equipment were up the most in August. The largest drop was posted by 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.