Imports to Canada were up 0.6% over a month to CAD 65.8 billion in October of 2022. Imports rose mostly for motor vehicles and parts (+4.6%), driven by higher imports of passenger cars and light trucks (+6.3%); metal and non-metallic mineral products (+6.5%) and energy products (+8.4%). Crude oil imports (+9.4%) posted their first gain since June. On the other hand, imports fell for basic and industrial chemical, plastic and rubber products (-6.4%), consumer goods (-2.0%), metal ores and non-metallic minerals (-12.5%), and electronic and electrical equipment and parts (-2.6%). Imports from countries other than the US were up 1.8%, mainly from Belgium (pharmaceutical products) and South Korea (various products). Meanwhile, imports from China fell 3.7%. source: Statistics Canada
Imports in Canada averaged 23086.32 CAD Million from 1971 until 2022, reaching an all time high of 65820.00 CAD Million in October of 2022 and a record low of 1112.00 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 December of 2022.
Imports in Canada is expected to be 61250.00 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 59879.00 CAD Million in 2023 and 59674.00 CAD Million in 2024, according to our econometric models.