Imports to Canada went up by 0.3% to CAD 65.4 billion in August 2024, from CAD 65.2 billion the previous month as purchases increased for metal & non-metallic mineral products (+4.2%), farm, fishing & intermediate food products (+4.1%), and industrial machinery, equipment & parts (+3.8%). In contrast, imports were down for metal ores & non-metallic minerals (-7.5%), aircraft & other transportation equipment & parts (-6.8%), and energy products (-6.3%). source: Statistics Canada

Imports in Canada increased to 65407.60 CAD Million in August from 65223.30 CAD Million in July of 2024. Imports in Canada averaged 24518.72 CAD Million from 1971 until 2024, reaching an all time high of 66117.90 CAD Million in June of 2024 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 October of 2024.

Imports in Canada increased to 65407.60 CAD Million in August from 65223.30 CAD Million in July of 2024. Imports in Canada is expected to be 64502.00 CAD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.



Calendar GMT Reference Actual Previous Consensus TEForecast
2024-09-04 12:30 PM
Imports
Jul C$64.97B C$66.1B C$65.7B
2024-10-08 12:30 PM
Imports
Aug C$65.41B C$65.22B C$63.5B
2024-11-05 01:30 PM
Imports
Sep C$65.41B C$ 63.3B


Related Last Previous Unit Reference
Balance of Trade -1097.00 -287.00 CAD Million Aug 2024
Capital Flows -11344.00 -5080.00 CAD Million Jun 2024
Current Account -8500.00 -5400.00 CAD Million Jun 2024
Current Account to GDP -0.60 -0.40 percent of GDP Dec 2023
Exports 64310.90 64935.90 CAD Million Aug 2024
External Debt 4272791.00 4159276.00 CAD Million Jun 2024
Foreign Direct Investment 38538.00 -13218.00 CAD Million Jun 2024
Imports 65407.60 65223.30 CAD Million Aug 2024
Oil Exports 12372.80 12028.90 CAD Million Jul 2024
Terms of Trade 102.50 102.10 points Jul 2024
Tourist Arrivals 4260020.00 3643749.00 Jul 2024

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
65407.60 65223.30 66117.90 1112.00 1971 - 2024 CAD Million Monthly


News Stream
Canada Imports Rise 0.3% MoM in August
Imports to Canada went up by 0.3% to CAD 65.4 billion in August 2024, from CAD 65.2 billion the previous month as purchases increased for metal & non-metallic mineral products (+4.2%), farm, fishing & intermediate food products (+4.1%), and industrial machinery, equipment & parts (+3.8%). In contrast, imports were down for metal ores & non-metallic minerals (-7.5%), aircraft & other transportation equipment & parts (-6.8%), and energy products (-6.3%).
2024-10-08
Canada Imports Fall in July
Imports to Canada fell by 1.7% to CAD 64.9 billion in July 2024, down from an upwardly revised CAD 66.1 billion the previous month. Among notable changes, purchases declined for motor vehicles & parts (-10.8%), aircraft and other transportation equipment & parts (-17.2%), industrial machinery, equipment & parts (-3.3%), forestry products and building & packaging materials (-1.1%) and farm, fishing & intermediate food products (-1.1%). In contrast, imports were up for metal & non-metallic mineral products (+10.1%), metal ores & non-metallic minerals (+6%) and basic & industrial chemical, plastic and rubber products (+3%).
2024-09-04
Canada Imports Up to 2-Year High
Imports to Canada rose by 1.9% over a month to $66 billion in June 2024, its highest since June 2022, with increases observed in 9 of the 11 product sections. The most significant contribution came from motor vehicles and parts, which rose by 5.1%. Imports of passenger cars and light trucks surged 8.2% to a record $6.8 billion, marking the fourth increase in five months as production disruptions and delivery delays in the US from late 2023 and early 2024 eased. Additionally, consumer goods imports grew by 3.7%, with pharmaceutical products seeing a notable increase of 16.9%. Conversely, imports of metal ores and non-metallic minerals slumped (-17.1%), of which other metal ores and concentrates (-18.5%).
2024-08-06


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