Québec’s international merchandise exports up in September 2022
Québec, November 17, 2022. – Québec’s international merchandise exports, seasonally adjusted and in constant dollars, were up 2.7% in September 2022 from the previous month. 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 commercial and service industry machinery and equipment (+113.9%), diesel and biodiesel fuels (+105.0%), turbines, turbine generators, and turbine generator sets (except aircraft turbines) (+449.3%), and pharmaceutical and medicinal products (+18.0%).
The products whose exports decreased in September include aircraft (-17.8%), light fuel oils (-57.2%), heavy fuel oils (-42.0%), as well as basic and semi-finished products of gold, silver, and platinum group metals and their alloys (-55.3%).
Exports in the first nine months of 2022 were up 3.6% compared with the same months of 2021.
Québec’s international merchandise imports down in September 2022
Québec’s international merchandise imports, seasonally adjusted and in constant dollars, were down 5.6% in September from August 2022.
The products that contributed the most to this drop in imports were passenger cars and chassis (-30.4%), motor gasoline (including blending components and ethanol fuel) (-35.7%), conventional crude oil (-27.7%), and lubricants and other petroleum refinery products (-48.8%).
In contrast, imports of certain products were up in September. This was the case for aviation fuel (+118.9%), ammonia and chemical fertilizers (+624.6%), unwrought gold, silver, and platinum group metals and their alloys, whose imports were very low in August, and bauxite and aluminum oxide (+25.8%).
Imports in the first nine months of 2022 were up 1.2% compared with the same months of 2021.
The situation in Canada
According to data published by Statistics Canada on November 3, 2022, Canada’s seasonally adjusted merchandise exports in constant dollars increased by 1.8% in September 2022 from the previous month. Canada’s merchandise imports decreased by 1.4%.
For the first nine months of 2022, Canada’s merchandise exports and imports were up by 2.8% and 8.1%, respectively, compared with the same months of 2021.
|International merchandise exports and imports1 (percentage changes)|
|Annual change||Monthly change2||Cumulative change2,3|
1. In constant dollars, at 2012 prices.
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