Québec, December 16, 2020. – Québec’s seasonally adjusted international merchandise exports in constant dollars were down 0.2% in October 2020 from the previous month (+4.7% in September). With this decline, the export level in October was 7.6% below that in February.
The decline in October was mainly due to a drop in aircraft exports (-32.9%). Iron ores and concentrates (-18.3%) and diesel and biodiesel fuels (-37.2%) also posted significant decreases.
In contrast, exports of oilseeds (except canola) (+571.9%), basic and semi-finished products of gold, silver, platinum group metals and their alloys (+133.3%) and unwrought copper and copper alloys (+21.0%) increased in October.
In the first ten months of 2020, Québec’s international merchandise exports in constant dollars declined 9.8% compared with the same period last year.
Québec’s seasonally adjusted international merchandise imports in constant dollars were down 4.5% in October 2020 from the previous month (+9.0% in September).
Among the products that contributed the most to the decline in October, unwrought gold, silver, and platinum group metals and their alloys (-61.8%), conventional crude oil (-31.1%) and motor gasoline (including blending components and ethanol fuel) (-34.6%) experienced significant drops.
However, Québec imports of light-duty trucks, vans and sport utility vehicles (SUVs) (+5.6%), bauxite and aluminum oxide (+48.0%) and women’s clothing (+21.7%) increased in October.
In the first ten months of 2020, Québec’s international merchandise imports in constant dollars were down 16.9% compared with the same period last year.
According to data published by Statistics Canada on December 4, Canada’s seasonally adjusted merchandise exports in constant dollars were up 0.9% in October 2020 from the previous month. For their part, Canada’s merchandise imports rose 2.5% in October (+1.3% in September).
In the first ten months of 2020, Canada’s merchandise exports decreased by 7.8% compared with the same period last year, while its merchandise imports declined by 10.8%.
International merchandise exports and imports1 (percentage changes)
|Annual change||Monthly change2||Cumulative change2,3|
1. In constant dollars, at 2012 prices.
International Trade Data Online:
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