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 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.
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)
|Annual change||Monthly change2||Cumulative change2,3|
1. In constant dollars, at 2012 prices.
Next release: February 24, 2021
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