Imports to Canada rose 5.5% month-over-month to CAD 51.8 billion in March of 2021, the highest level observed since May 2019, as all 11 product sections posted increases, with 9 up more than CAD 100 million. The strongest gain was recorded in the purchases of energy products (54.7%), driven by robust increases in the imports of refined petroleum products (160.2%) and crude oil (19.4%). Nevertheless, energy imports were still 25% below their January 2020 level, when they last peaked. In addition, there was also the rebound in the purchases of motor vehicles & parts (4.6%), as production in assembly plants seems to be slowly picking up. Imports from the US rose 5.2% to CAD 32.3 billion, while those from countries other than the US were up by 5.9% to CAD 19.5 billion. source: Statistics Canada
Imports in Canada averaged 21969.91 CAD Million from 1971 until 2021, 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 May of 2021.
Imports in Canada is expected to be 50100.00 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 50000.00 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.