That dollar amount results from a 21.7% increase from $65.7 billion five years earlier in 2017.
Year over year, the overall value of Quebec’s exported goods accelerated by 24.3% compared to $64.3 billion for 2020.
Quebec ranks as Canada’s third-biggest exporter by province or territory behind front-running provinces Ontario and Alberta. The value of Quebec’s exported goods equals 15.9% of Canada’s overall exported products for 2021.
Based on statistics from the website Statista which we converted to American currency, Quebec’s exported products represent 14.5% of the province’s total economic output or Gross Domestic Product ($301.5 billion for 2021). Currency used for this calculation started from chained 2012 Canadian dollars.
Given Quebec’s population of 9.3 million people, its total $80 billion in 2021 exports translates to roughly $9,300 for every resident in the Eastern Canadian province. That dollar metric outpaces the average $7,500 per person one year earlier in 2020.
Quebec’s unemployment rate was 4.4% in September 2022, down from the province’s long-term average of 9.43% per YCharts.
Quebec’s Top 10 Exports
The following export products represent the highest dollar value for Quebec’s global shipments during 2021. Also shown is the percentage share each export category represents in terms of overall exports from Quebec.
Figures are shown at the more granular six-digit Harmonized Tariff System code level, for more precise product identification.
- Large aircraft: US$4.4 billion (14.6% of Quebec’s exports)
- Unalloyed unwrought aluminum: $3.7 billion (12.3%)
- Alloyed unwrought aluminum: $3.39 billion (11.2%)
- Non-agglomerated iron ores, concentrates: $3.38 billion (11.2%)
- Coniferous lumber (sawn, chipped, sliced, peeled): $2.1 billion (7%)
- Miscellaneous petroleum oils: $1.6 billion (5.3%)
- Refined copper wire: $1.5 billion (5%)
- Unwrought refined copper cathodes, cathode sections: $1.3 billion (4.2%)
- Turbo-jets (high-thrust): $902.7 million (3%)
- Medium-size aircraft: $829.8 million (2.7%)
- Iron ores and concentrates (agglomerated): $789.2 million (2.6%)
- Turbo-jet/turbo-propeller parts: $765.7 million (2.5%)
- Electrical energy: $762 million (2.5%)
- Soya beans: $726.5 million (2.4%)
- Gold (unwrought): $679.4 million (2.3%)
Quebec’s top 15 exports accounted for 88.7% of the overall value of the province’s global shipments.
Large aircraft represents the fastest grower among Quebec’s top 15 export products, up by 104.2% from 2020 to 2021.
In second place for Quebec’s improving export sales were miscellaneous petroleum oils which rose 97.6%. Quebec’s shipments of unwrought gold posted the third-fastest gain in value up by 83.8% ahead of sawn, chipped, sliced or peeled coniferous wood (up 79.3%) and exports of refined copper wire (up 72%).
Year over year, there was a pair of decliners among Quebec’s most valuable export products. These were high-thrust turbo-jets via an -8.5% drop and medium-size aircraft via a -8.3% reduction.
More Key Facts about Quebec’s International Trade
Quebec incurred a $10.2 billion surplus exporting and importing products during 2021. That dollar amount reflects a 39.3% annual increase from Quebec’s $7.3 billion in black ink for 2020.
Another way of saying surplus or deficit is positive or negative net exports. In a nutshell, the term “net exports” quantifies the amount by which foreign spending on a province’s goods or services exceeds or lags that same province’s spending on foreign goods or services.
Below are Quebec’s top 10 import products highlighting the province’s highest spending on foreign-made goods in 2021.
- Crude petroleum oils: US$3.6 billion (5.2% of Quebec’s imports)
- Miscellaneous aircraft parts: $2.2 billion (3.2%)
- Turbo-jet/turbo-propeller parts: $1.8 billion (2.6%)
- Light petroleum oils: $1.7 billion (2.5%)
- Miscellaneous medications: $1.5 billion (2.1%)
- Aluminium oxides (excluding artificial corundum): $1.34 billion (1.9%)
- Silver (unwrought): $1.27 billion (1.8%)
- Miscellaneous petroleum oils: $1.1 billion (1.5%)
- Grape wines excluding sparkling varieties: $728.7 million (1%)
- Unrefined copper, copper anodes: $680.1 million (1%)
Quebec has positive net exports in the international trade of aircraft and aluminum. In turn, these cashflows indicate Quebec’s competitive advantages under related product categories.
Quebec’s Major Trade Partners
The following list shows the top 10 customers that purchase 86.5% worth of the total value of products exported from the province of Quebec during 2021.
- United States: US$56.4 billion (70.6% of Quebec’s exports)
- China: $3.4 billion (4.2%)
- Japan: $1.5 billion (1.9%)
- Mexico: $1.5 billion (1.9%)
- France: $1.4 billion (1.7%)
- Germany: $1.3 billion (1.7%)
- South Korea: $955.5 million (1.2%)
- Netherlands: $923.2 million (1.2%)
- Switzerland: $910.7 million (1.1%)
- United Kingdom: $836.6 million (1%)
Quebec’s top trade partners in North America (United States and Mexico) bought 72.5% of the overall value of exported goods from La Belle Province.
Quebecois Export-Related Companies
Below are some of Canada’s largest businesses that are involved in international trade either directly or indirectly. Their corporate headquarters are in the province of Quebec.
- Bank of Montreal (finance)
- Bell Canada (telecommunications)
- Bombardier Inc. (aerospace, defense)
- Canadian National Railway (transportation)
- National Bank of Canada (finance)
- Royal Bank of Canada (finance)
- Saputo Inc. (food processing)
Shown within brackets for each company is a summary of the international trade-related products or services which each business manages.
Quebec’s capital is Quebec City, nicknamed “la capitale nationale”. That moniker translates as “the national capital” in English.
See also Canada’s Top 10 Exports, Alberta’s Top Exports, Ontario’s Top Exportsand British Columbia’s Top Exports
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