Imports to Canada increased 2.5 percent month-over-month to CAD 52.26 billion in March 2019, from an upwardly revised CAD 50.96 billion in February and against market expectations of CAD 51.5 billion. Purchases of consumer goods went up 6.7 percent to a record CAD 10.9 billion, boosted by clothing, footwear and accessories (22.9 percent) mainly on higher purchases of clothing from Bangladesh and Cambodia. Also, imports of motor vehicles and parts advanced 4.9 percent to CAD 9.9 billion, mostly due to commercial trucks. On the other hand, purchases of aircraft fell 50.7 percent due to a slowdown in deliveries of airliners from the US. Imports from the US dropped 0.4 percent, primarily on lower imports of aircraft while those from countries other than the US rose 8.0 percent to CAD 19.5 million, led by higher purchases from China (computers and peripherals) and Mexico (cars and trucks). Imports in Canada averaged 20856.17 CAD Million from 1971 until 2019, reaching an all time high of 52256.90 CAD Million in March of 2019 and a record low of 1112 CAD Million in January of 1971.
Imports in Canada is expected to be 50800.00 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 54300.00 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.