Imports to Canada were down 1.4 percent month-over-month to CAD 51.7 billion in April 2019, from an upwardly revised CAD 52.4 billion in March. Purchases decreased for aircraft and other transportation equipment (-23.6 percent), consumer goods (-3.0 percent) and pharmaceutical products (-7.8 percent). Imports fell from China (-7.0 percent), Mexico (-8.0 percent) and Germany (-1.4 percent) while those from the US rose 1.9 percent. Imports in Canada averaged 20909.51 CAD Million from 1971 until 2019, reaching an all time high of 52380 CAD Million in March of 2019 and a record low of 1112 CAD Million in January of 1971.
Imports in Canada is expected to be 50800.00 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 54300.00 in 12 months time. In the long-term, the Canada Imports is projected to trend around 49800.00 CAD Million in 2020, according to our econometric models.