Imports to Canada were down 1.6 percent month-over-month to CAD 50.9 billion in February 2019, from an upwardly revised CAD 51.7 billion in January and against market expectations of CAD 51.5 billion. Purchases decreased for metal and non-metallic mineral products (-7.7 percent) on gold, motor vehicles & parts (-1.9 percent), consumer goods (-1.9 percent), electronic & electrical equipment (-3.8 percent) and industrial machinery & equipment (-3.5 percent). Imports fell from China (-10.2 percent), Mexico (-14.1 percent) and Germany (-10.8 percent) while those from the US rose 1.2 percent Imports in Canada averaged 20801.68 CAD Million from 1971 until 2019, reaching an all time high of 51791.60 CAD Million in March of 2018 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.