Imports to Canada went down 0.6 percent from the previous month to CAD 50.49 billion, the fourth decrease in the past in the past five months. Declines were observed in 7 of 11 sections. Purchases of motor vehicles and parts declined 3.5 percent to CAD 9.1 billion, namely passenger cars and light trucks (-5.8% to CAD 3.9 billion) and electric cars. Additionally, basic and industrial chemical, plastic and rubber products declined 4.5 percent to CAD 4 billion, as lubricants and other petroleum refinery products decreased 13.6 percent, on the back of lower imports of crude oil diluents from the United States. Contrarily, imports of aircraft and other transportation equipment and parts rose 11.3 percent to CAD 1.7 billion. Imports in Canada averaged 20590.97 CAD Million from 1971 until 2018, reaching an all time high of 51889.50 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 52100.00 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.