US trade dips; imports from other countries hit record high
OTTAWA — Canada’s merchandise exports fell 1.7 percent in June while imports decreased ever-so-slightly by 0.2 percent.
Exports fell to $36.5 billion, largely the result of declines in energy and automotive products. Volumes, which decreased 2.2 percent, were down in five out of seven sectors.
Merchandise imports declined to $38.0 billion, led by energy products.
Exports to the U.S., specifically, slumped 2.4 percent to $26.5 billion, while imports fell 2.3 percent to $22.8 billion.
Imports from countries other than the United States increased 3.1 percent to a record high of $15.2 billion, however.
Non-U.S. exports also edged up 0.3 percent to $10.0 billion.
Canada’s trade deficit with countries other than the United States widened from $4.8 billion in May to a record $5.2 billion in June.
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