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    Québec’s international trade up 20.7% in the second quarter of 2022

    Notice of release

    The Institut de la statistique du Québec released today an overview of Québec’s international merchandise imports and exports in current dollars, established on a customs basis, for the second quarter of 2022. 

    Trade deficit in the second quarter of 2022

    Québec’s international merchandise trade (the sum of exports and imports) stood at $61.5 billion, up 20.7% from the second quarter of 2021.

    • The province continued to trade mainly with the United States (52.7%), and to a lesser extent, with China (7.9%).
    • There was a trade deficit of $2.1 billion, compared with a deficit of $813.0 million in the second quarter of 2021.

    Exports up 18.4%

    Québec’s international merchandise exports totalled slightly over $29.6 billion, up 18.4% from the second quarter of 2021. A large proportion of these exports continued to be destined for the U.S. market (75.0%), and a smaller proportion, for the Chinese market (2.5%).

    • Unwrought aluminum and aluminum alloys were the most exported products. They accounted for 11.9% of total exports and grew 62.5% from the second quarter of 2021.

    Imports up 23.0%

    Québec’s international merchandise imports reached just over $31.8 billion, up 23.0% from the level observed in the second quarter of 2021. The United States remained Québec’s leading supplier, accounting for 32.0% of total imports. China, its second-largest supplier, commanded a 12.9% share.

    • The most imported products were light-duty trucks, vans and sport utility vehicles (SUVs) ($2.0 billion). However, imports of these products were down 16.0% from the second quarter of 2021. They were followed closely by motor gasoline (including blending components and ethanol fuel) ($1.8 billion). These imports jumped 227.3% from the second quarter of 2021.
    • At $1.1 billion, imports of pharmaceutical and medicinal products were still above the $1 billion mark and rose 12.2% from the second quarter of 2021

    Read the full analysis

    Next release: December 21, 2022


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