Canada import Statistics

Canada Import Data

Canada is a nation in North America. Along with various bodies of water, such as the Atlantic and Pacific Oceans, the United States, and Greenland, the nation shares boundaries with other nations. Canada has one of the most advanced economies combined with the least amount of corruption. The nation is ranked 29th in the world according to the complexity index. On the other hand, the nation ranked ninth in terms of GDP. Canada ranked 10th out of 226 nations in terms of total imports in 2022, according to import data. In 2022, Canada imported goods worth a total of $567.82 billion. Imports of goods into Canada rose 16.3% from 2021 to 2022. In 2022, imports of goods increased by $80 billion. As businesses continue to expand globally, understanding import data has become crucial. This article will dive into the realm of Canada's import data, exploring its significance and how it can aid businesses in making informed decisions. Whether you are a seasoned importer or new to the industry, this detailed information provides you with valuable insights into Canada's import data in 2022.

 Canada Import Data | Canada Customs Data

14

The country has been ranked 14th in global imports, showing a significant position in the international trade landscape and import market.

2.49%

With a mere 2.49% share in global import trade, it becomes evident that its presence in the international import market is fairly on the rise.

USA

The USA holds a significant role as the largest import partner of the country in terms of goods imports and import share.

MOTOR CARS AND OTHER MOTOR VEHICLES

Motor cars and other motor vehicles are the biggest import commodities of the country, playing a vital role in its economy.

import

Top 10 Imports of Canada

Canada, as one of the world's leading economies, engages in a vibrant import trade, with a diverse range of products contributing to its economic growth. Among Canada's top 10 imports, Vehicles and automobiles stand out as the most significant category, reflecting the nation's reliance on innovative technology. The top 10 imports of Canada in 2022 according to its import data are:

  • Motor cars and other motor vehicles: 5.71% ($32 billion)
  • Petroleum oils and waste oils: 3.55% ($20 billion)
  • Motor vehicles for the transport of goods: 3.27% ($18.6 billion)
  • Parts and accessories of the motor vehicles: 2.97% ($16.9 billion)
  • Petroleum oils and oils obtained from bituminous minerals, crude: 2.9% ($16.5 billion)
  • Articles of iron or steel: 2.46% (14 billion US$)
  • Electrical apparatus: 2.25% ($12.8 billion)
  • Automatic data processing machines: 2% ($11.4 billion)
  • Medicaments: 1.76% ($10 billion)
  • Human blood; animal blood for therapeutic or diagnostic uses: 1.42% ($8.13 billion)
  • Partners

    Top 10 Import Partners of Canada

    When it comes to import partners, the United States emerges as Canada's foremost collaborator, sharing a complex and robust trade relationship. With nearly two-thirds of Canadian imports originating from the US, it is undeniable that Canada's southern neighbor holds a pivotal role. Canada’s top 10 import partners in 2022 include:

    Value In Percentage(%)

  • USA: 49% (280 billion US$)
  • China: 13.5% (76 billion US$)
  • Mexico: 5.5% (31 billion US$)
  • Germany: 3.03% (17.2 billion US$)
  • Japan: 2.3% (13.1 billion US$)
  • Korea: 1.78% (10.1 billion US$)
  • Vietnam: 1.73% (9.88 billion US$)
  • Italy: 1.63% (9.32 billion US$)
  • Other Asia, Nes: 1.27% (7.26 billion US$)
  • United Kingdom: 1.16% (6.63 billion US$)
  • Sample Data

    Why is Canada Import Data Important?

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    In our exclusive report, you will find several trade details such as the number of goods needed to be imported/exported, HS codes, the description of each HS code, and the quantity and price of each product, shipping carrier, consigner/consignee, the precise movement of goods for the countries which come under the Statistical and B/L database. Acquiring Canada import data allows businesses to stay updated with market trends and analyze their competitors' import activities. By knowing what products are being imported, in what quantities, and from which countries, businesses can gauge market demand, identify potential opportunities, and stay ahead of the competition. According to Canada's customs data for imports, Canada imported goods worth a total of $569 billion in 2022. We offer you highly helpful and informative information on Canada's import data and Canada's shipment data. All of the information in our database is derived from recently updated shipping bills, invoices, and other crucial transaction documents. You will undoubtedly find our database and information to be very helpful in identifying the ideal market for gauging possible gains and market risks. We get trustworthy data from recognized Canadian ports, organizations, and other shipping firms. Import data from Canada has some fields, such as HS codes and product descriptions that include the amount, price, and units of each sent good.

    Benefits

    Benefits of Canada’s Import Data

  • Create leads from Canada’s import Market using your ideas.
  • Discover Canada's current product demand.
  • Monitor your rivals and surpass them.
  • Make your marketing plan according to import data.
  • Expand your market presence in Canada.
  • Establish long-term objectives and maximize earnings.
  • Frequently Asked Questions!!

    Acquiring Canada import data allows businesses to stay updated with market trends and analyze their competitors' import activities.

    Import data in Canada is collected by the Canada Border Services Agency (CBSA) through the submission of customs documents and declarations by importers.

    Canada's import data includes all types of goods that are brought into the country, such as raw materials, finished products, machinery, electronics, and consumer goods.

    Canada's import data is updated every month by the CBSA. However, the final annual data is typically released in the first quarter of the following year.

    The value of Canada's imports in 2022 is worth $569 billion according to its import data.

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