Imports to Canada went down 0.5 percent from the previous month to CAD 50.4 billion in November of 2018. Import volumes fell 0.3 percent and prices edged down 0.1 percent. Imports of motor vehicles and parts decreased 2.8 percent to CAD 8.9 billion, mainly due to passenger cars and light trucks (-5.5 percent). Also, metal ores and non-metallic minerals fell 18.6 percent to CAD 1.1 billion, following a record high in September, as other metal ores and concentrates declined 9.6 percent mainly on lower imports of gold for refining from the United States. On the other hand, imports of aircraft and other transportation equipment and parts jumped 21.2 percent to CAD 2.1 billion, a third straight monthly increase, mainly on the strength of higher imports of airliners. Imports in Canada averaged 20642.23 CAD Million from 1971 until 2018, reaching an all time high of 51726.70 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 52000.00 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 49000.00 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.