Imports to Canada decreased 2.4% month-over-month to CAD 48.8 billion in February of 2021, their lowest level since August 2020. Purchases fell primarily for motor vehicles and parts (-7.8%), namely engines and parts (-14.4%) and passenger cars and light trucks (-4.6%), with worldwide production adjusting to this new challenge. Also, purchases of energy products fell strongly (-21.4%), namely refined petroleum products (-58%). Conversely, imports of aircraft and other transportation equipment and parts increased (29.1%), in particular, those of aircraft because of the import of four commercial airliners. This was the first time since August 2019 that at least four commercial airliners were imported. Imports from the US were down 1.7% while those from countries other than the US fell 3.6%. source: Statistics Canada
Imports in Canada averaged 21919.80 CAD Million from 1971 until 2021, reaching an all time high of 52759.20 CAD Million in March of 2019 and a record low of 1112 CAD Million in January of 1971. This page provides the latest reported value for - Canada Imports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Canada Imports - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.
Imports in Canada is expected to be 50100.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Canada to stand at 50000.00 in 12 months time. In the long-term, the Canada Imports is projected to trend around 51000.00 CAD Million in 2022, according to our econometric models.