Imports to Canada dropped by 3.8% to $61.8 billion in January, the lowest level since February 2022, with 7 of the 11 product sections witnessing a decline. Notably, imports of consumer goods decreased by 7.1%, mainly due to falling arrivals of pharmaceutical products (-19.0%). Also, purchases of motor vehicles and parts (-5.2%) and metal & non-metallic mineral products (-9.2%) contributed to the downturn. source: Statistics Canada
Imports in Canada decreased to 61788.70 CAD Million in January from 64235.20 CAD Million in December of 2023. Imports in Canada averaged 24069.73 CAD Million from 1971 until 2024, reaching an all time high of 66035.80 CAD Million in June 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 March of 2024.
Imports in Canada decreased to 61788.70 CAD Million in January from 64235.20 CAD Million in December of 2023. Imports in Canada is expected to be 63856.00 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 71059.00 CAD Million in 2025 and 71100.00 CAD Million in 2026, according to our econometric models.
Canada Imports
Canada imports mainly consumer goods (19% of total), cars and parts (23%), and energy products (7%). Canada's major import partners are the US (49 percent of total imports), China (14 percent), Mexico (5.5 percent), and Germany (3.1 percent).
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 61788.70 | 64235.20 | 66035.80 | 1112.00 | 1971 - 2024 | CAD Million | Monthly |
News Stream
Canada Imports Drop after Surge in December
Imports to Canada dropped by 3.8% to $61.8 billion in January, the lowest level since February 2022, with 7 of the 11 product sections witnessing a decline. Notably, imports of consumer goods decreased by 7.1%, mainly due to falling arrivals of pharmaceutical products (-19.0%). Also, purchases of motor vehicles and parts (-5.2%) and metal & non-metallic mineral products (-9.2%) contributed to the downturn.
2024-03-07
Canada Imports Rise 0.2% MoM in December
Imports to Canada edged up 0.2% to $64.39 billion in December, despite witnessing declines in 8 of the 11 product sections. Notably, imports of consumer goods rose by 9.4%, marking the strongest growth on record. Imports of metal & non-metallic mineral products (+5.8%) also contributed to the overall increase in December. On the other hand, imports of motor vehicles & parts (-2.1%), electronic and electrical equipment & parts (-5.7%), energy products (-9.9%), and aircraft & other transportation equipment and parts (-11.7%) all decreased to almost entirely offset the positive effect of the other product sections.
2024-02-07
Canada Imports Rise 1.9% in November
Imports to Canada rose 1.9% to CAD 64.2 billion in November 2023, led by an increase in energy imports (11.6%) amid significant buying of uranium for Kazakhstan, consistent with mining troubles from domestic Cameco mines. Additionally, imports of refined petroleum products rose by 18.8%, mainly due to purchases of gasoline and aviation fuel, and aligned with the outages in Canadian refineries in the period.
2024-01-09
