Imports to Canada went up 0.2 percent from a month earlier to CAD 49.7 billion in December 2019, after an upwardly revised 2.7 percent decline in November but missing market expectations of CAD 50.3 billion. Main gains were recorded for consumer goods (4%), in particular pharmaceutical products (11.6%) and aircraft and other transportation equipment & parts (19.9%), primarily on higher purchases of parts of other transportation equipment from Belgium. In contrast, imports fell for metal ores and non-metallic minerals (-20.6%), namely metal ores and concentrates (-27.6%). Imports from the US went down 0.2 percent while those from countries other than the US rose 1 percent. Considering the full year of 2019, total imports grew 1 percent over a year ago.
Imports in Canada averaged 21317.16 CAD Million from 1971 until 2019, reaching an all time high of 52451 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. source: Statistics Canada
Imports in Canada is expected to be 54300.00 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 49800.00 in 12 months time. In the long-term, the Canada Imports is projected to trend around 49800.00 CAD Million in 2021, according to our econometric models.