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    Québec’s international merchandise exports down in October 2021

    Québec, December 21, 2021. – Québec’s international merchandise exports, seasonally adjusted and in constant dollars, were down 0.3% in October 2021 from September. This finding comes from an analysis of the most recent of Québec’s international merchandise trade data released today by the Institut de la statistique du Québec.

    The products that contributed the most to this monthly decline were pharmaceutical and medicinal products (-46.2%), heavy fuel oils (-50.0%), paper (except newsprint) (-14.2%), as well as copper ores and concentrates which had no exports in October.

    Some of the products whose exports increased in October include unwrought aluminum and aluminum alloys (+10.2%), aircraft (+10.8%) and oilseeds (except canola), whose exports in October were relatively high compared to the other months in 2021.

    For the first ten months of 2021, Québec’s international merchandise exports were up 3.4% from the same months in 2020.

    Québec’s international merchandise imports up 11.3% in October 2021

    Québec’s international merchandise imports, seasonally adjusted and in constant dollars, were up 11.3% in October from September 2021.

    The products that contributed the most to the increase in imports in October were conventional crude oil (+51.8%), light-duty trucks, vans and sport utility vehicles (+23.1%), passenger cars and chassis (+53.3%), and motor gasoline (including blending components and ethanol fuel) (+55.8%).

    However, imports were down for certain products, including basic and semi-finished products of non-ferrous metals and non-ferrous metal alloys (except gold, silver, platinum group metals and aluminum) (-65.5%), ships (-99.2%), lead and zinc ores and concentrates (-58.7%), as well as coke and other coke oven products (-45.6%).

    For the first ten months of 2021, Québec’s international merchandise imports grew 12.0% compared with the same months in 2020.

    The situation in Canada

    According to data published by Statistics Canada on December 7, 2021, Canada’s seasonally adjusted merchandise exports in constant dollars increased by 2.0% in October from September 2021, while imports were up by 7.6%.

    For the first ten months of 2021, compared with the same period last year, Canada’s merchandise exports increased by 1.5%, and its imports, by 9.9%.

    International merchandise exports and imports1 (percentage change)


      2020   2021
     
     

      Annual change   Monthly change2 Cumulative change2,3
         
     
          September October  

    Québec
    Exports -8.1   -5.7 -0.3 3.4
    Imports -14.8   -12.2 11.3 12.0
     
    Canada
    Exports -6.5   -4.3 2.0 1.5
    Imports -9.2   -4.0 7.6 9.9

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

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