According to data from the Quebec Institute of Statistics, Quebec exported fewer goods abroad in August 2023 compared to the previous month and increased the number of products imported from outside the province.
International goods exports from La Belle province fell by 4.9% between July and August 2023, according to figures released on Friday.
The products that contributed the most to this decline are aircraft (-46.7%), non-metallic minerals other than diamonds (-98.5%), aircraft engines (-18.2%), and lubricants and other refined petroleum products ( -76.7%). .
In contrast, heavy fuel oil exports recorded an export increase of 141.1%. The same applies to gold, silver and platinum group metals in unwrought form and their alloys (+ 14.3%), other ores and concentrates of metals not otherwise classified (+ 187.8%), as well as copper and copper alloys in unwrought form (+ 31.2%).
Aside from that August decline, Quebec’s international exports are up so far in 2023, rising 2.5% compared to 2022 over the same period.
Also at the national level, Canada increased its exports by 6.2% in the first eight months of 2023 compared to those of 2022.
More imports
The province also recorded a 3.1% increase in its imports between July and August 2023.
The most imported items were lubricants and other petroleum refinery products (+165.7%), lead and zinc ores and concentrates (+635.4%), other electrical equipment and components (+108.0%) and conventional crude oil (+11. 4%). Products this month in Quebec.
However, imports of light trucks, vans and sport utility vehicles (-9.7%), parts for aircraft and other aerospace equipment (-17.3%), motor spirit (including blending components, gasoline and ethanol fuel) (-10 .9%) and heavyweights heating oil (-99.7%) fell.
In the first eight months of 2023, imports to Quebec fell 1.6% year-on-year. The situation is similar in Canada, where imports fell by 1.2% over the same period.