Imports to Canada rose by 5.3% over a month to CAD 54.1 billion in October of 2021. It was the highest reading on record, led by an increase in purchases of motor vehicles and parts (+27.2%), namely light trucks (+32.5%) and motor vehicle engines and parts (+34%), as the stoppages related to semiconductor shortages were less prevalent than those in September and August. Inbound purchases also increased for energy products (14.9%), driven by refined petroleum products (+23.8%) due to higher production from the United States as refineries restarted activity after Hurricane Ida, clothing, footwear, and accessories (+15.4%) and pharmaceutical products (6.6%). source: Statistics Canada
Imports in Canada averaged 22313.91 CAD Million from 1971 until 2021, reaching an all time high of 54090.50 CAD Million in October of 2021 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 December of 2021.
Imports in Canada is expected to be 51300.00 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 51000.00 CAD Million in 2022, according to our econometric models.