Québec, February 20, 2025. – Québec’s international merchandise exports, seasonally adjusted and in constant dollars, were down 2.7% in December 2024 from the previous month (+5.7% in November). This was revealed in an analysis of Québec’s most recent international merchandise trade data released today by the Institut de la statistique du Québec.
The products that contributed the most to this monthly decrease are unwrought gold, silver, and platinum group metals, and their alloys (-85.2%), aircraft (-28.1%), commercial and service industry machinery and equipment (-26.2%), and nickel ores and concentrates, which had no exports in December.
The products whose exports increased in December include light fuel oils (+438.2%), motor gasoline (including blending components and ethanol fuel) (+177.3%), aircraft parts and other aerospace equipment (+20.7%), and pharmaceutical and medicinal products (+25.8%).
Exports for 2024 as a whole were up 2.6% from 2023.
Exports to the United States
Exports to the United States, non-seasonally adjusted and in current dollars, reached $8.4 billion in December 2024, up 0.2% from December 2023. For the year 2024 as a whole, these exports totalled $91.1 billion, up 4.4% from the previous year. For more details, see the table on exports to the United States (in French only).
Important notice about the February 20, 2025 release
In its February 5, 2025 release of international merchandise trade statistics for the reference month of December 2024, Statistics Canada stated that there are still delays in the receipt of import data due to the implementation of the Canada Border Services Agency (CBSA) Assessment and Revenue Management (CARM) system. These delays are impacting the completeness of import statistics for the reference months of October to December 2024. Given these issues, users should exercise caution and expect revisions to import data in the coming months, even if they are published. For more information, see the Note to readers: www150.statcan.gc.ca/n1/daily-quotidien/241205/dq241205a-eng.htm.
Québec’s international merchandise imports down 4.3% in December 2024
Québec’s international merchandise imports, seasonally adjusted and in constant dollars, were down 4.3% in December 2024 from November (-0.4% in November).
Imports for 2024 as a whole remained essentially unchanged from 2023.
The situation in Canada
According to data published by Statistics Canada on February 5, 2025, Canada’s seasonally adjusted merchandise exports in constant dollars increased by 3.8% in December 2024 from the previous month, while imports decreased by 1.5%.
For 2024 as a whole, Canada’s merchandise exports were up 0.9% from 2023, while imports were down 0.6%.
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International merchandise exports and imports11 |
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| 2023 | 2024 | ||||||
| Annual change | Monthly change | Cumulative change2 | |||||
| November | December | ||||||
| Québec | |||||||
| Exports | 3.3 | 5.7 | −2.7 | 2.6 | |||
| Imports | −1.6 | −0.4 | −4.3 | 0.0 | |||
| Canada | |||||||
| Exports | 5.2 | 0.0 | 3.8 | 0.9 | |||
| Imports | −1.1 | −0.9 | −1.5 | −0.6 | |||
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1.Seasonally adjusted data in constant dollars (at 2017 prices). Sources |
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Useful links
International trade (monthly data)
International Trade Data Online: tool for generating customized reports
Next release: March 20, 2025
For 25 years, the Institut de la statistique du Québec has been producing, analyzing, and disseminating official, objective and high-quality statistical information on various aspects of Québec society. It is responsible for conducting all statistical surveys of general interest. The relevance of its work makes it a strategic ally for decision makers and an essential source of information for all those wishing to learn more about Québec.