Statistics Canada announced that Canada’s merchandise imports were up 1.4% in June, while exports increased 0.9%. As a result, Canada’s merchandise trade deficit with the world widened from $5.5 billion in May to $5.9 billion in June.
The Federal Agency notes that June’s rise in imports was the first increase in four months. The gain was in large part the result of an increase in imports of industrial machinery, equipment and parts, for which a one-time high-value shipment was reported in June. Excluding this product section, total imports were down 1.9%. Overall, increases were observed in 5 of the 11 product sections.
Total exports were up for a second consecutive month after the April decline (-11.3%), the strongest decrease reported in five years, amid the implementation of tariffs on imports of Canadian goods in the United States. June exports of energy products (+3.8%) contributed the most to the increase in total exports in June; this was the first monthly gain for the product section since January.
Exports to the United States increased 3.1% in June. However, on a year-over-year basis, exports to the United States were 12.5% lower compared with June 2024. Meanwhile, following three consecutive monthly decreases, imports from the United States were up 2.6% in June 2025. The increase in imports in June was in large part the result of the import of a module for an offshore oil project. Canada’s merchandise trade surplus with the United States widened from $3.6 billion in May to $3.9 billion in June.
After reaching a record high in May, exports to countries other than the United States were down 4.1% in June, representing the first decline since February. When compared with the same month in 2024, exports to destinations other than the United States were up 14.7% in June 2025. Meanwhile, imports from countries other than the United States edged down 0.3% in June. Canada’s trade deficit with countries other than the United States widened from $9.1 billion in May to $9.8 billion in June.