Imports to Canada rose 1.7 percent over a month to a record high of CAD 64.9 billion in June of 2022, a fifth consecutive monthly gain. Purchases increased in 5 of 11 product categories, mainly energy products (+22.3 percent), namely refined petroleum products (+32.5% to a record high of CAD 1.9 billion). Additionally, imports rose sharply for aircraft and other transportation equipment and parts (39.7 percent). However, gains were partially offset by a sharp decline in exports of motor vehicles and parts (-6.8%), namely passenger cars and light trucks (-11.2%), in part because of the decline in imports from South Korea and Germany. At the same time, global motor vehicle production continues to be affected by supply chain issues. source: Statistics Canada
Imports in Canada averaged 22809.50 CAD Million from 1971 until 2022, reaching an all time high of 64857.80 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 August 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.