Statistics Canada announced that the country’s merchandise exports increased 2.0% in June, mostly on crude oil and gold exports. Meanwhile, imports rose 1.7%, mainly on energy products.
As a result, Canada’s merchandise trade surplus with the world widened from $4.8 billion in May to $5.0 billion in June.
The Federal Agency said total exports reached $69.9 billion, a sixth consecutive monthly increase, with 8 of 11 product sections posting increases. Total imports rose to $64.9 billion, a fifth consecutive monthly gain.
On a per country basis, exports to countries other than the United States rose 4.5% compared with May, to a record high of $16.4 billion. Imports from countries other than the United States edged up 0.2%. The merchandise trade deficit with countries other than the United States narrowed from $8.8 billion in May to $8.2 billion in June.
Exports to the United States rose 1.2% in June, while imports from the United States were up 2.6%. As a result, Canada’s trade surplus with the United States narrowed from $13.6 billion in May to $13.2 billion in June, still the second-highest surplus on record.