Imports to Canada declined 2.3 percent from the previous month to CAD 48.98 billion in December 2020, the second consecutive monthly decline and the largest decrease since May. Imports of consumer goods fell 8.0 percent, led by a 21.5 percent slump in purchases of clothing, footwear and textile products. Also, imports of pharmaceutical products dropped 14.7 percent from November's record high. Lastly, imports of miscellaneous goods and supplies were down 8.6 percent, following recent increases that were due in large part to higher imports of personal protective equipment. For the year 2020, imports declined 8.6 percent. source: Statistics Canada
Imports in Canada averaged 21826.68 CAD Million from 1971 until 2020, reaching an all time high of 52759.20 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 February of 2021.
Imports in Canada is expected to be 49500.00 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 51300.00 in 12 months time. In the long-term, the Canada Imports is projected to trend around 51000.00 CAD Million in 2022, according to our econometric models.