Investing.com - Financial Markets Worldwide

Quebec: Trade Deficit Widens In June

ByThe National Bank of Canada
Published 08/30/2012, 08:16 AM
Updated 05/14/2017, 06:45 AM
DU
-1.84%
FACTS

: The Institut de la statistique du Québec reports that Quebec’s trade deficit widened $232million in June to $1.75 billion (top chart). The value of exports was essentially flat from May, while the value of imports rose $231 million (3.3%) to $7.2 billion. Imports were up in 15 of 24 major product groups, accounting for 60% of all imports. More than 80% of the increase ($188 million) was in petroleum and coal products. In constant dollars, the trade deficit widened $263 million to $1.84 billion, with exports down $54 million (1.0%) to $5.2 billion and imports up $210 million (3.1%) to $7.0 billion. Export prices rose 1.1% and import prices rose 0.3%.
Quebec Nominal trade balance

International merchandise exports
Quebec Volume trade balance
OPINION: Though volume exports were down slightly in June, volume exports for the quarter were up 7.7% from a year earlier (middle chart), close to the 8.3% rise for Canada as a whole. Thus Quebec’s volume international exports have shown some momentum over the last year. Moreover, aerospace products and parts, the largest category of Quebec exports, accounted for 40% of the gains after two excellent months in May and June. The quarterly volume trade deficit has quietly narrowed $548 million from the peak reached in the same quarter a year earlier, to $5.7 billion in Q2. Thus international trade, though subtracting somewhat from economic growth in Q2 itself, contributed, albeit slightly, to growth over the last four quarters (bottom chart).

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.