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    Québec’s international merchandise exports up 3.0% in November 2020

    Québec, January 19, 2021. – Québec’s seasonally adjusted international merchandise exports in constant dollars were up 3.0% in November 2020 from the previous month. Despite this sixth increase in seven months, the level of exports in November 2020 was 4.9% lower than in February, before the effects of the COVID-19 pandemic were felt.

    The increase in November was mainly due to higher exports of aircraft (+43.5%), iron ores and concentrates (+32.5%), and other metal ores and concentrates not elsewhere classified (+346.2%).

    However, Québec’s exports of lubricants and other petroleum refinery products
    (-94.6%), gold, silver and platinum group metals and their alloys (-69.1%) and light fuel oils (-85.9%) posted significant declines in November.

    In the first eleven months of 2020, Québec’s international merchandise exports in constant dollars declined 9.0% compared with the same period last year.

    Québec’s international merchandise imports up 0.3% in November 2020

    Québec’s seasonally adjusted international merchandise imports in constant dollars were up 0.3% in November 2020 from the previous month (down 3.5% in October). With this increase, the level of imports in November 2020 was 1.3% higher than in February.

    The main commodities that contributed to the increase in imports in November were motor gasoline (+66.9%), lubricants and other petroleum refinery products (+230.1%) and aircraft, whose import level rose significantly due to the delivery of an airliner.

    In contrast, imports of light-duty trucks, vans and sport utility vehicles (-8.8%), bauxite and aluminum oxide (-25.4%) and conventional crude oil (-5.8%) declined in November.

    In the first eleven months of 2020, Québec’s international merchandise imports in constant dollars fell 15.8% compared with the same months of 2019.

    The situation in Canada

    According to data published by Statistics Canada on January 7, Canada’s seasonally adjusted merchandise exports in constant dollars rose 1.6% in November 2020 from the previous month. For their part, Canadian merchandise imports declined 1.1% in November.

    In the first eleven months of 2020, Canada’s merchandise exports decreased by 7.0% compared with the same period last year, while its merchandise imports declined by 9.8%.

    International merchandise exports and imports1 (percentage change)


      2019   2020
     
     
      Annual change   Monthly change2 Cumulative change2,3
         
     
          October November  

    Québec
    Exports 0.3   0.0 3.0 -9.0
    Imports 2.7   -3.5 0.3 -15.8
     
    Canada
    Exports 2.4   0. 9 1.6 -7.0
    Imports 1.3   2.7 -1.1 -9.8

    1. In constant dollars, at 2012 prices.
    2. Seasonally adjusted.
    3. First eleven months of 2020 compared with the same months in 2019.
    Sources: Institut de la statistique du Québec and Statistique Canada.

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    Next release: February 24, 2021

     


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