Imports to Canada went up 1.5% over a month earlier to CAD 48.79 billion in September 2020, compared to market forecasts of CAD 47.9 billion. Purchases of energy products rose 28.8% to CAD 2.1 billion, in particular crude oil (+87.1% to surpass the CAD 1 billion mark for the first time since March) as Canadian refineries purchasing more crude oil from Louisiana. Additionally, imports of industrial machinery, equipment & parts increased 6.7% to CAD 5.2 billion, namely other general-purpose machinery and equipment (+8.7%) and logging, construction, mining, and oil and gas field machinery and equipment (+23.7%). Also, purchases of basic and industrial chemical, plastic and rubber products were up 7.6%, of which lubricants and other petroleum refinery products (+38.5%). Imports from the US rose 1.2% to CAD 31.2 billion, while those from countries other than the US went up 2.1% to CAD 17.6 billion. source: Statistics Canada
Imports in Canada averaged 21680.52 CAD Million from 1971 until 2020, reaching an all time high of 52875.70 CAD Million in March of 2019 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 November of 2020.
Imports in Canada is expected to be 48000.00 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 50500.00 in 12 months time. In the long-term, the Canada Imports is projected to trend around 51300.00 CAD Million in 2021 and 51000.00 CAD Million in 2022, according to our econometric models.