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    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)


      2021   2022
     
     

      Annual change   Monthly change2 Cumulative change2,3
         
     
          January February  

    Québec
    Exports 3.1   -8.7 6.2 -2,8
    Imports 11.2   -11.6 0.7 -4.8
     
    Canada
    Exports 1.2   -2.2 -2.1 -5.7
    Imports 9.2   -8.2 1.8 0.4

    1. In constant dollars, at 2012 prices.
    2. Seasonally adjusted data.
    3. The first two 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: May 18, 2022


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