Canada’s merchandise exports increased 1.4 per cent in July, while imports edged down 0.3 per cent, according to Statistcs Canada Thursday. As a result, Canada’s trade surplus with the world widened from $1.8 billion in June to $2.6 billion in July.
Exports rose to $45.5 billion, led by motor vehicles and parts.
Overall, volumes increased 1.1 per cent and prices 0.3 per cent.
Imports edged down to $43 billion, as prices declined 0.6 per cent while volumes increased 0.4 per cent. Lower imports of aircraft and other transportation equipment and parts, consumer goods as well as metal and non-metallic mineral products were partially offset by higher imports of motor vehicles and parts.
Exports to the United States rose 1.9 per cent to $34.4 billion in July and imports from the United States increased 1.2 per cent to $29.2 billion. Motor vehicles and parts was the main contributor to both gains. Canada’s trade surplus with the United States widened from $4.9 billion in June to $5.1 billion in July.
Exports to countries other than the United States edged up 0.1 percent to $11.2 billion. Imports from countries other than the United States declined 3.2 per cent to $13.7 billion, as imports from the principal trading area “all other countries” (-4.6 per cent) and the European Union (-3.7 per cent) fell. Canada’s trade deficit with countries other than the United States narrowed from $3 billion in June to $2.6 billion in July.