Imports to Canada increased 1.0 percent month-over-month to CAD 52.3 billion in May 2019, from an upwardly revised CAD 51.8 billion in April and against market expectations of CAD 52.1 billion. Purchases increased for aircraft & other transportation equipment (14.2 percent to CAD 2.2 billion) and motor vehicles & parts (1.6 percent to CAD 9.8 billion). On the other hand, imports fell for basic & industrial chemical, plastic and rubber products (-2.2 percent to CAD 3.8 billion). Imports rose from Mexico (4.4 percent) and Germany (6.4 percent) while those decreased from the US (-0.5 percent) and China (-2.6 percent). Imports in Canada averaged 20964.18 CAD Million from 1971 until 2019, reaching an all time high of 52453 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 51000.00 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 51600.00 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.