Increasing international export in Québec

Increasing international export in Québec

June was a good month for Quebec’s international exports, which rose 2.7% mom, according to data from the Institut de la statistique du Québec.

This monthly increase is mainly due to heavy oil (+426.9%), but also to metal products such as gold, silver, platinum and their alloys (+479.7%). Machines and systems for trade and services also grew strongly (+78.6%).

On the other hand, exports of aircraft engines fell (-27.7%), as did other metal ores and concentrates not elsewhere classified (-80.3%), grains (except wheat) (-80.7%) and oilseeds (except rapeseed). ). ) (-43.8%).

This means that exports in the first six months of 2022 rose by 3.5% compared to the previous year.

International imports also increased by 1.8% between May and June 2022. This jump is also attributable to lubricants and other refined petroleum products (+143.4%), motor gasoline (including including gasoline blending components and ethanol fuel) (+36.6%) as well as other metal products (+55.2%).

Motor vehicles and their chassis (-32.2%), unwrought gold, silver and platinum group metals and their alloys (-76.0%), aircraft parts and other aerospace materials (-11.5%) and hot-rolled iron and steel products (-48.7%) saw a decline.

In the first six months, imports increased by 0.6% compared to 2021.

Recall that in June 2022, exports to Canada increased by 1.9% and imports fell by 0.9%.