Québec, January 24, 2018. – Québec’s seasonally adjusted international merchandise exports in constant dollars at 2007 prices were up 3.4% in November 2017 (up 1.0% in Canada). The cumulative export volume for the first 11 months of 2017 was 2.2% above the export volume recorded over the same period in 2016 (up 1.8% 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 posted gains in November 2017. The most significant increases were in aircraft, iron ores and concentrates, and pharmaceutical and medicinal products. On the other hand, the sharpest drops were registered by diesel fuel and medium and heavy-duty trucks and chassis.
Non-seasonally adjusted exports to the United States in current dollars were up 2.9% in November 2017 and accounted for 70.8% of Québec exports. Aircraft exports stood out with substantial gains, followed by unwrought precious metals and precious metal alloys, then by unwrought copper and copper alloys. Unwrought aluminum and aluminum alloys, medium and heavy-duty trucks and chassis and aircraft engines posted the largest declines.
Exports to Europe increased by 5.9% and accounted for 13.5% of Québec exports. The main increases were in oilseeds (except canola), aircraft, and heavy fuel oils. Conversely, the most significant decline was posted by iron ores and concentrates.
Exports to Asia rose by 29.2% and accounted for 8.8% of Québec exports. The strongest gains were registered by iron ores and concentrates, oilseeds (except canola), and fresh and frozen pork. However, newsprint dropped the most.
Québec imports declined in November 2017
Québec’s seasonally adjusted international merchandise imports in constant dollars at 2007 prices went down 2.3% in November 2017 (up 5.0% in Canada). The cumulative import volume for the first 11 months of 2017 was 3.4% above the import volume recorded over the same period in 2016 (up 4.3% in Canada).
Ten of the top 25 products imported by Québec posted an increase in November 2017. Lubricants and other petroleum refinery products grew the most, followed by computers and computer peripheral equipment, and unwrought copper and copper alloys. On the other hand, the steepest declines were in crude oil, motor gasoline, and jet fuel.
Non-seasonally adjusted imports from the United States in current dollars rose by 6.8% in November 2017 and accounted for 37.9% of Québec’s total imports. The largest increase was recorded by motor gasoline, followed by lubricants and other petroleum refinery products, then by jet fuel. Light-duty trucks, vans and SUVs, crude oil, and medium and heavy-duty trucks and chassis posted the largest declines.
Imports from Europe decreased by 16.3% in November 2017 and accounted for 23.8% of Québec imports. Imports of motor gasoline accounted for most of that decline.
Lastly, imports from Asia were up 0.6% and accounted for 21.4% of the Québec total. Ships, passenger cars, and computers and computer peripheral equipment recorded the largest increases. However, the sharpest declines were posted by aircraft parts and other aerospace equipment, women’s clothing, and men’s clothing.
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.