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    Québec’s international merchandise exports up 9.2% in August 2021

    Québec, October 20, 2021. – Québec’s seasonally adjusted international merchandise exports in constant dollars were up 9.2% in August 2021 from July. This finding comes from an analysis of the most recent international merchandise trade data for Québec released today by the Institut de la statistique du Québec.

    The products that contributed the most to this monthly increase were aircraft (+85.2%), iron ores and concentrates (+29.4%), and unwrought copper and copper alloys (+74.1%).

    Some of the products whose exports declined in August include basic and semi-finished products of non-ferrous metals and non-ferrous metal alloys (except unwrought gold, silver, and platinum group metals and their alloys) (-45.5%), commercial and service industry machinery and equipment (-57.0%), and waste and scrap of iron and steel (-31.9%).

    For the first eight months of 2021, Québec’s international merchandise exports were up 4.2% from the same months in 2020.

    Québec’s international merchandise imports up 0.6% in August 2021

    Québec’s seasonally adjusted international merchandise imports in constant dollars were up 0.6% in August from July 2021.  

    The products that contributed the most to the increase in imports in August were conventional crude oil (+95.0%), unwrought copper and copper alloys (+185.1%), as well as aviation fuel, for which exports were negligible in July.

    On the other hand, imports of gold, silver, platinum group metals and aluminum
    (-67.6%), light-duty trucks, vans and sport utility vehicles (-17.7%), aircraft parts and other aerospace equipment (-19.3%) and pharmaceutical and medicinal products (-14.6%) were down.

    For the first eight months of 2021, Québec’s international merchandise imports grew 14.7% compared with the same months in 2020.

    The situation in Canada

    According to data published by Statistics Canada on October 5, 2021, Canada’s seasonally adjusted merchandise exports in constant dollars increased by 2.3% in August from July 2021, while imports decreased by 3.8%.

    For the first eight months of 2021, compared with the same period last year, Canada’s merchandise exports increased by 3.4%, and its imports, by 12.7%.

    International merchandise exports and imports1 (percentage variatons)


      2020   2021
     
     

      Annual change   Monthly change2 Cumulative change2,3
         
     
          July August  

    Québec
    Exports -8.3   -0.1 9.2 4.2
    Imports -14.8   1.2 0.6 14.7
     
    Canada
    Exports -6.5   -4.5 2.3 3.4
    Imports -9.2   2.3 -3.8 12.7

    1. In constant dollars, at 2012 prices.
    2. Seasonally adjusted.
    3. First eight months of 2021 compared with the same months in 2020.
    Sources: Institut de la statistique du Québec and Statistics Canada.

    Useful links

    International trade – Monthly data

    nternational Trade Data Online: A tool for generating customized reports

     

    Next release: November 18, 2021

     


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