Canada posts $3.2B trade surplus in June amid surge in exports

OTTAWA – Statistics Canada says the country posted a merchandise trade surplus of $3.2 billion in June as exports rose and imports fell.

The result is a return to surplus after a $1.6 billion deficit in May.

Total exports increased 8.7 per cent to reach a record $53.8 billion in June, with gains in nine of 11 subsectors that included a 22.9 per cent rise in exports of energy products.

Excluding the strong fluctuations of 2020, June’s $4.3 billion increase in export value was the largest on record.

Meanwhile, total imports for the month decreased one per cent to $50.5 billion, led by a 3.7-per-cent decline in consumer goods imports.

In volume terms, June exports rose seven per cent and imports fell 2.2 per cent.

This report by The Canadian Press was first published Aug. 5, 2021.

Note to readers: This is a corrected story. A previous version referred to the wrong month and contained incorrect references to imports and exports.