Imports to Canada fell 1.8% over a month to CAD 64.2 billion in July of 2022, the first decrease since January. Declines were observed in 7 of the 11 product sections, led by consumer goods (-4.2%), primarily miscellaneous goods and supplies (-9.8%) and energy products (-10.2%), on account of refined petroleum energy products (-15.2%). Imports of industrial machinery, equipment and parts (-6.0%) also decreased in July. Conversely, purchases of motor vehicles and parts rose 8.4% boosted by higher imports of motor vehicle engines and parts (+21.0%). source: Statistics Canada
Imports in Canada averaged 22877.87 CAD Million from 1971 until 2022, reaching an all time high of 65345.20 CAD Million in June of 2022 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 September of 2022.
Imports in Canada is expected to be 61931.00 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 59879.00 CAD Million in 2023 and 59674.00 CAD Million in 2024, according to our econometric models.