Canada trade balance June 2022

Details:

  • Exports 69.9B vs 68.44B prior
  • Imports 64.9B vs 63.1B prior
  • Exports +2.0%, imports +1.7%
  • Exports rose for the sixth consecutive month
  • Exports up in 8 of 11 product sections led by oil and metals
  • Surplus with the USA +13.2B vs +13.6B prior

Canadian trade is currently strong but if the global economy slows dramatically, trade flows will dry up.