Imports to Canada fell 4.7% month-over-month to CAD 49.6 billion in April of 2021, largely attributed to a significant contraction in purchases of motor vehicles and parts (-22.1% to CAD 6.6 billion), as a global semiconductor supply shortage forced production shutdowns in the auto assembly industry. Also, imports retreated for consumer goods (-3.3% to CAD 11.0 billion); metals & non-metallic mineral products (-2.7% to CAD 4.5 billion); and industrial machinery, equipment & parts (-0.9% to CAD 5.5 billion). Imports from the US dropped by 5.2% to CAD 30.7 billion, in line with other major trade partners, such as China (-18.8% to CAD 4.7 billion) and Mexico (-6.6% to CAD 1.4 billion). source: Statistics Canada
Imports in Canada averaged 22016.21 CAD Million from 1971 until 2021, 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 June of 2021.
Imports in Canada is expected to be 50100.00 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 50000.00 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.