Canadian international merchandise trade, June 2020

August 6, 2020

In June, Canadian merchandise imports and exports rebounded sharply, mostly on the strength of motor vehicles and parts. Imports rose 21.8% and exports were up 17.1%. However, compared with February 2020, the month before the pandemic's economic impact was felt in Canada, imports were down 14.3% and exports decreased 17.9%.

Canada's merchandise trade deficit with the world widened from $1.3 billion in May to $3.2 billion in June.

In real (or volume) terms, imports were up 28.3% in June, while real exports increased 10.6%. Import prices were down 5.1%, while export prices rose 5.9%...

This has been excerpted from an 8 August 2020 release by Statistics Canada.


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Topic(s): 
Canadian Economy & Politics
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