Canada's merchandise trade surplus widens in May


By Lin Wei

OTTAWA, July 7 (Xinhua) -- Canada's merchandise trade surplus with the world widened to 4.2 billion Canadian dollars (about 3 billion U.S. dollars) in May from 3.4 billion Canadian dollars in April, Statistics Canada reported Tuesday.

This marked the third consecutive month that Canada recorded a merchandise trade surplus, the national statistical agency said.

According to the agency, total merchandise exports rose 0.9 percent in May to a record 77.1 billion Canadian dollars, representing the fourth consecutive monthly increase.

Meanwhile, total merchandise imports edged down 0.2 percent in May to 72.9 billion Canadian dollars.

Combining international trade in goods and services, Canada's total exports increased 0.9 percent to 97.9 billion Canadian dollars in May, while total imports edged up 0.3 percent to 94.1 billion Canadian dollars.

Consequently, Canada's total international trade surplus with the world expanded to 3.8 billion Canadian dollars in May from 3.2 billion Canadian dollars in April, the agency said.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In World

Russia tries to jam Musk's Starlink systems to counter Ukrainian drones
Political survivor Le Pen makes her boldest gamble yet for France's presidency
Taiwan's migrating crab population rebounds thanks to safer road crossings
Russia launches third air attack on Kyiv in a week, officials say
Flash: Switzerland beats Colombia to reach World Cup quarterfinals
Argentina completes stunning comeback against Egypt to reach World Cup quarterfinals (updated)
Guimaraes accepts blame for Brazil World Cup exit
Venezuela quake death toll rises to 3,685
Bottled water business owner appeals detention in Trinidad over alleged PM assassination plot
Kuwait's actual budget deficit widens 13.2 pct in 2025-2026 fiscal year

Others Also Read