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    Québec’s international merchandise exports up in June 2022

    Québec, August 18, 2022. – Québec’s international merchandise exports, seasonally adjusted and in constant dollars, were up 2.7% in June 2022 from May of the same year. 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 increase were heavy fuel oils (+426.9%), commercial and service industry machinery and equipment (+78.6%), basic and semi-finished products of gold, silver, and platinum group metals and their alloys (+479.7%), and nickel ores and concentrates, whose exports were very low in May.

    The products whose exports decreased in June include aircraft engines (-27.7%), other metal ores and concentrates not elsewhere classified (-80.3%), grains (except wheat) (-80.7%), and oilseeds (except canola) (-43.8%).

    Exports in the first six months of 2022 were up 3.5% compared with the same months of 2021.

    Québec’s international merchandise imports up in June 2022

    Québec’s international merchandise imports, seasonally adjusted and in constant dollars, were up 1.8% in June 2022 from the previous month.

    The products that contributed the most to this increase in imports were lubricants and other petroleum refinery products (+143.4%), motor gasoline (including blending components and ethanol fuel) (+36.6%), aviation fuel, whose imports in May were relatively low, as well as basic and semi-finished products of non-ferrous metals and non-ferrous metal alloys (except gold, silver, platinum group metals and aluminum) (+55.2%).

    However, imports of certain products declined. This was the case for passenger cars and chassis (-32.2%), unwrought gold, silver, and platinum group metals and their alloys (-76.0%), aircraft parts and other aerospace equipment (-11.5%), and hot-rolled iron and steel products (-48.7%).

    Imports in the first six months of 2022 were up 0.6% compared with the same months of 2021.

    The situation in Canada

    According to data published by Statistics Canada on August 4, 2022, Canada’s seasonally adjusted merchandise exports in constant dollars increased by 1.5% in June 2022 from the previous month. Canada’s merchandise imports decreased by 0.9%.

    For the first six months of 2022, Canada’s merchandise exports and imports were up by 0.3% and 6.9%, respectively, compared with the same months of 2021.

     

    International merchandise exports and imports1 (percentage changes)


      2021   2022
     
     
      Annual change   Monthly change2 Cumulative change2,3
         
     
          May June  

    Québec
    Exports 3.1   10.3 2.7 3.5
    Imports 9.9   -1.7 1.8 0.6
     
    Canada
    Exports 1.2   1.5 1.5 0.3
    Imports 8.1   -1.2 -0.9 6.9

    1. In constant dollars, at 2012 prices.
    2. Seasonally adjusted data
    3. First six months of 2022 compared with the same months of 2021.
    Sources: Institut de la statistique du Québec and Statistics Canada.

    Useful links

    International trade – Monthly data

    International Trade Data Online: A tool for generating customized reports

    Next release: September 21, 2022

     


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