Imports to Canada were down 2.1% over a month to a six-month low of CAD 64.4 billion in November of 2022. Declines were observed in 8 of the 11 product sections, led by consumer goods (-5.7%), mostly pharmaceutical and medicinal products (-11.5%). In November, there was a decline in imports of drugs, notably for the treatment of COVID-19, as well as imports in the category "vaccines for human medicine other than for influenza," which includes COVID-19 vaccines. Imports of miscellaneous goods and supplies decreased 9.6% in November, partly because of lower imports of toys and games. Purchases also declined for metal and non-metallic mineral products (-7.9%) and aircraft and other transportation equipment and parts (-14.0%). Imports from countries other than the US fell 5.3%, the strongest drop since January 2022, led by China (various products), coinciding with the heightened COVID-19 restrictions. Imports to the US edged down 0.1%. source: Statistics Canada
Imports in Canada averaged 23155.91 CAD Million from 1971 until 2022, reaching an all time high of 65984.00 CAD Million in June of 2022 and a record low of 1112.00 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 February of 2023.
Imports in Canada is expected to be 64900.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Canada Imports is projected to trend around 68921.00 CAD Million in 2024 and 71059.00 CAD Million in 2025, according to our econometric models.