Imports to Canada fell 0.7% over a month to CAD 63.1 billion in May of 2022, following three consecutive monthly increases. Declines were observed in 6 of the 11 product sections, led by consumer goods (-4.7%), namely clothing, footwear and accessories (-11.3%) and pharmaceutical and medicinal products (-5.9%). At the same time, imports of aircraft and other transportation equipment and parts plunged (-22.7%). Conversely, purchases of basic and industrial chemical, plastic and rubber products surged (+8.6%), driven by basic chemicals (+31.2%). Recent movements in this product category have been largely driven by imports of pharmaceutical ingredients from Ireland. source: Statistics Canada
Imports in Canada averaged 22739.40 CAD Million from 1971 until 2022, reaching an all time high of 63537.80 CAD Million in April 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 July of 2022.
Imports in Canada is expected to be 55045.00 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 52000.00 CAD Million in 2023, according to our econometric models.