Québec’s international merchandise exports up in February 2022
Québec, April 20, 2022. – Québec’s international merchandise exports, seasonally adjusted and in constant dollars, were up 6.2% in February 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 aircraft, whose exports in January were relatively low, pharmaceutical and medicinal products (+75.4%), and heavy fuel oils (+57.7%).
The products whose exports declined in February 2022 include oilseeds (except canola) (-62.6%), unwrought aluminum and aluminum alloys (-8.9%), unwrought copper and copper alloys (-43.2%), and motor gasoline (including blending components and ethanol fuel) (-47.7%).
Exports in the first two months of 2022 were down 2.8% from the first two months of 2021.
Québec’s international merchandise imports up in February 2022
Québec’s international merchandise imports, seasonally adjusted and in constant dollars, were up 0.7% in February 2022 from the previous month.
The products that contributed the most to the increase in imports in February 2022 were aviation fuel, whose imports were at a low level in January, basic and semi-finished products of non-ferrous metals and non-ferrous metal alloys (except gold, silver, platinum group metals and aluminum) (+87.0%), lubricants and other petroleum refinery products (+87.8%), and ammonia and chemical fertilizers (+210.6%).
However, imports were down for certain products such as pharmaceutical and medicinal products (-38.7%), copper ores and concentrates (-85.1%), conventional crude oil (-13.3%), and bauxite and aluminum oxide (-39.3%).
Imports in the first two months of 2022 were down 4.8% from the first two months of 2021.
The situation in Canada
According to data published by Statistics Canada on April 5, 2022, Canada’s seasonally adjusted merchandise exports in constant dollars decreased by 2.1% in February 2022 from the previous month, while imports rose by 1.8%.
For the first two months of 2022, Canada’s merchandise exports were down 5.7%, while imports increased by 0.4% compared with the first two months of 2021.
International merchandise exports and imports1 (percentage change)
|Annual change||Monthly change2||Cumulative change2,3|
1. In constant dollars, at 2012 prices.
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