Who are Quebec’s top trade partners?
In 2024, the value of goods Quebec exchanged with its international trade partners totaled almost $226.7 billion, up about 3 percent or $6.5 billion from $220.2 billion the year before. Since 2015, Quebec has been a net exporter of goods. Exports in 2024 accounted for about 53 percent of total trade valued at $121.1 billion while imports accounted for the remainder totaling about $105.5 billion.
Quebec’s primary trade partner is the United States
Combining imports and exports, the United States was Quebec’s top trade partner in 2024, with more than $125 billion of goods exchanged. The United States made up 55% of Quebec’s total international merchandise trade in 2024, 7.7 times more than China, its second-largest trade partner. In 2024, goods exchanged with China reached $16.1 billion. Germany, France, and Italy round out the top five at approximately $6.5 billion, $6.3 billion, and $5.2 billion, respectively.
Quebec’s top 10 trade partners
United States - $125.1 billion
China - $16.19 billion
Germany - $6.51 billion
France - $6.38 billion
Italy - $5.21 billion
Brazil - $4.56 billion
Mexico - $4.55 billion
United Kingdom - $4.47 billion
Japan - $3.13 billion
Netherlands - $2.87 billion
Who are Quebec’s top export partners?
The United States is the top destination for Quebec-made goods. In 2024, the United States took in almost $91 billion of Quebec’s exports, about 75% of the province’s total exports that year. The three top exports flowing into the United States were metal ores and non-metallic mineral products; consumer goods; and aircraft and other transportation equipment and parts.
Exports to the United States were almost 30 times greater than to Quebec’s second-largest export market, China which took in $3.6 billion in 2024, about $2.4 billion of which were metal ores and non-metallic minerals. Consumer goods and forestry were the next two largest exports.
Among the top five destinations for Quebec goods included Japan, France, and Mexico which took in $2.09 billion, $1.78 billion, and $1.75 billion respectively.
Top 10 destinations for Quebec good
United States - $90.97 billion
China - $ 3.62 billion
Japan - $2.00 billion
France - $1.78 billion
Mexico - $1.75 billion
United Kingdom - $1.56 billion
Germany - $1.37 billion
Switzerland - $1.35 billlion
Italy - $1.21 billion
South Korea - $1.14 billion
Who are Quebec’s top import partners?
Quebec took in more than $121 billion in goods in 2024 of which $34 billion or 28% of all imports came from the United States. The top products imported from the United States include energy, aircraft and other transportation equipment and parts, and motor vehicles. Second on the list is China which shipped $12.5 billion of goods to Quebec.
Included among the top five import partners are Germany, France, and Brazil at $5.1 billion, $4.59 billion, and $4 billion, respectively.
Top 10 destinations shipping goods to Quebec
United States - $34.15 billion
China - $12.57 billion
Germany - $5.14 billion
France - $4.59 billion
Brazil - $4.01 billion
Italy - $3.99 billion
United Kingdom - $2.91 billion
Mexico - $2.79 billion
Poland - $1.92 billion
Netherlands - $1.8 billion
Tax data from 2022 shows that the top 1% of earners had an income of at least $283,200, a 4.3% increase from $271,300 in 2021. Their average income was $586,900. This group earned 10.2% of all income in Canada and paid 22.1% of all income taxes.