Imports to Canada rose 1.0 percent month-over-month to CAD 51.54 billion in August 2019 from an upwardly revised CAD 51.05 billion in the previous month. Higher imports of metal and non-metallic mineral products (9.4 percent) were the main contributor to the overall gain, mainly on imports of gold, which reached their highest level in more than two years. Also, imports advanced for energy products (9.7 percent) and metal ores and non-metallic minerals (8.8 percent). Meanwhile, these increases were partially offset by a 2.5 percent decrease in imports of consumer goods. Imports in Canada averaged 21118.02 CAD Million from 1971 until 2019, reaching an all time high of 52387.80 CAD Million in May of 2019 and a record low of 1112 CAD Million in January of 1971.
Imports in Canada is expected to be 49000.00 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 51000.00 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.