Québec’s international merchandise exports down in November 2022
Québec, January 19, 2023. – Québec’s international merchandise exports, seasonally adjusted and in constant dollars, were down 3.1% in November 2022 from the previous month. This finding comes from an analysis of the most recent data on Québec’s international merchandise trade released today by the Institut de la statistique du Québec.
The products that contributed the most to this monthly decrease were aircraft (-20.2%), unwrought aluminum and aluminum alloys (-8.3%), heavy fuel oils (-27.7%), and unwrought copper and copper alloys (-33.9%).
The products whose exports increased in November include oilseeds (except canola) (+227.6%), unwrought iron, steel and ferro-alloys (+78.7%), waste and scrap of iron and steel (+93.4%), and commercial and service industry machinery and equipment (+42.8%).
Exports in the first eleven months of 2022 were up 4.1% compared with the same months of 2021.
Québec’s international merchandise imports down in November 2022
Québec’s international merchandise imports, seasonally adjusted and in constant dollars, were down 5.7% in November from October 2022.
The products that contributed the most to this decrease in imports were conventional crude oil (-28.7%), basic and semi-finished products of non-ferrous metals and non-ferrous metal alloys (except gold, silver, platinum group metals and aluminum) (-48.8%), passenger cars and chassis (-18.2%), and unwrought nickel and nickel alloys (-82.9%).
In contrast, imports of certain products were up in November. This was especially true for motor gasoline (including blending components and ethanol fuel) (+43.1%), copper ores and concentrates (+357.9%), lead and zinc ores and concentrates—whose imports in October were very low—and light-duty trucks, vans and sport utility vehicles (+5.7%).
Imports in the first eleven months of 2022 were up 1.4% compared with the same months of 2021.
The situation in Canada
According to data published by Statistics Canada on January 5, 2023, Canada’s seasonally adjusted merchandise exports in constant dollars decreased by 3.6% in November 2022 from the previous month. Imports were also down, by 1.5%.
For the first eleven months of 2022, Canada’s merchandise exports and imports were up by 3.3% and 7.8%, respectively, compared with the same months of 2021.
|International merchandise exports and imports1 (percentage change)|
|Annual change||Monthly change2||Cumulative change2,3|
1. In constants dollars, at 2012 prices.
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