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UPDATE 1-Canada posts narrower June trade surplus despite falling exports, imports


OTTAWA, Aug 2 (Reuters) - Canada posted a narrower trade surplus in June, the second in as many months, despite significant declines in exports and imports of crude oil, aircraft and other transportation equipment, official data showed on Friday.

Statistics Canada reported a surplus of C$136 million ($103 million) in goods. The agency had reported a trade surplus of $762 million in May but revised that figure downwards on Friday to C$556 million.

Analysts in a Reuters poll had forecast a trade deficit of C$300 million. Friday marked the first time Canada had posted back-to-back trade surpluses since November and December 2016.

Statscan said total Canadian exports in June fell by 5.1% to C$50.3 billion. Imports dropped by 4.3% to $50.2 billion, the lowest level since November 2018.

Exports of energy products fell 7.4%, while crude exports were down 8.6% - the first monthly decrease seen this year. Prices declined 13.5% while volumes rose 5.6%.

Canada sent 74.8% of its goods exports to the United States in June. Exports to the United States fell 3.9%, largely because of a drop in crude oil, while imports decreased 3.8%.

As a result, Canada's trade surplus with the United States narrowed slightly in June, to C$5.7 billion from C$5.9 billion in May.

($1=$1.3220 Canadian)

(Reporting by Kelsey Johnson, Editing by Dale Smith and Bernadette Baum)