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Canada 's trade surplus with the world expanded to $5.8 billion in June from $5.2 billion in May, as energy exports to the United States increased.
Canadian companies exported merchandise worth $43.2 billion in June, up 3.1% from the previous month, as prices increased 4.5% and volumes declined 1.4%. Overall, export prices have been on the rise for the past eight months, while volumes have been trending downward.
Imports rose 2.0% to $37.4 billion, the third monthly increase in a row and the eighth in the past 12 months. Prices rose 2.6%, while volumes declined 0.6%. Import prices have also been on an upward trend for the past eight months while movements in volume have not shown a clear trend.
Exports to the United States rose 5.3% to $32.8 billion, primarily due to greater exports of crude petroleum. Imports also increased, but to a lesser extent, yielding a trade surplus with the United States of $9.6 billion, up from $8.1 billion.
Exports to countries other than the United States as a group declined in June, while imports from these countries increased. As a result, the trade deficit with countries other than the United States expanded to $3.9 billion from $2.9 billion in May. The growth in imports was largely attributable to increased imports of crude petroleum.
