Imports to Canada edged down 0.3% month-over-month to CAD 50.1 billion in November of 2020, mainly due to lower purchases of industrial machinery, equipment and parts (-3.9%), of which other general-purpose machinery and equipment (-6.8%). In October, high-value shipments of wind turbines from China related to a new wind farm project were observed but were not repeated in November. Imports also decreased for metal ores and non-metallic minerals (-11%), namely other metal ores and concentrates (-23.2%) as a result of lower imports of gold from Peru. These declines were partially offset by higher imports of aircraft and other transportation equipment and parts (+16.2%), especially those of aircraft, in part because of two new airliners imported from Ireland. source: Statistics Canada
Imports in Canada averaged 21778.75 CAD Million from 1971 until 2020, 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 January of 2021.
Imports in Canada is expected to be 49500.00 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 51300.00 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.