Canada’s trade surplus totaled $3.2 billion in June as exports rose to record levels.
The June result is a return to surplus for Canadian trade after the country posted a $1.6-billion deficit in May, said Statistics Canada.
Total exports increased 8.7% to reach a record $53.8 billion in June, with gains in nine of 11 subsectors that included a 22.9% rise in exports of energy products.
Excluding fluctuations from 2020, June’s $4.3 billion increase in export value was the largest on record.
Meanwhile, total imports for the month decreased 1% to $50.5 billion, led by a 3.7% decline in consumer goods imports.
In volume terms, June exports rose 7% and imports fell 2.2%, according to Statistics Canada.