ARTICLE - BILATARAL QUEBEC-HAITI TRADE

SITUATION IN FIGURES OF BILATERAL HAITI - QUEBEC TRADE
(Haiti Libre) -

The January 2010 earthquake, has greatly influenced the economic data of Haiti: a decline in economic growth and of exports, and an exceptional growth of imports and foreign direct investment related to reconstruction. Trade in goods between Quebec and Haiti totaled $26.8 million, an increase of 84.0% over 2009. Haiti is the 107th trading partner of Quebec in the world.

Quebec's exports:
Haiti is the 73rd customer of Quebec in the world. 52.3% of all Canadian exports come from La Belle Province. In 2010, Quebec's exports of goods to Haiti, totaled $25.1 million [106% increase over 2009, due to exports of equipment for the reconstruction]. In 2010, the products dominating the Quebec exports to Haiti, were: millwork products, pieces for structures of wood construction (49.9% of total), jet engines, turbopropellers, and other gas turbines (9.5%), edible offal of cattle, pigs, etc.. (3.6%), screws, bolts, nuts, bolts and similar articles of iron or steel (3.2%) and passenger cars and other vehicles for transport of patients (2.6%). In 2011 (over 11 months) exports to Haiti fell by 4.4% over the same period in 2010.

Imports of Quebec: Haiti is the 122nd Québec supplier in the world. In 2010, imports of goods cleared in Quebec [which represent 6.6% of all Canadian imports] from Haiti were $1.7 million, representing a decrease of 28.1% compared to 2009. In 2010, the dominant products of Canadian imports cleared in Quebec, from Haiti were: T-shirts and vests of cotton (20.6% of total), guavas, mangoes and mangosteens (15.0%), sport overclothes, suits and ski suits (12,2%), hides and skins of cattle and horses, (6.4%) as well as shirts and blouses for men (6.3%). In 2011 (over 11 months), imports from Haiti rose by 43.6% over the same period in 2010.

IMF outlook for Haiti: The International Monetary Fund (IMF) expects GDP growth of 6.1% in 2011 and 7.5% in 2012, and an acceleration of inflation estimated at 7.3% in 2011, and 8.0% in 2012. Regarding exports, the IMF anticipates an increase of 26.8%, and a decrease in import volume of 8.6%. Foreign direct investment has almost tripled in 2010 from U.S. $38 million to U.S. $150 million, according to the United Nations Conference on Trade and Development (UNCTAD).