Import of Goods Value from Canada (1990-2023)

Canada’s import value consistently increased from $123.2B in 1990 to a peak of $583.5B in 2022, reflecting its strong economic growth and integration into global trade networks. Notable growth periods, such as between 1997 and 2007, when imports nearly doubled from $200.9B to $390.1B, were fueled by the North American Free Trade Agreement (NAFTA) and expanding manufacturing and consumer markets.

The 2008 global financial crisis led to a dip in imports to $329.9B in 2009, followed by a recovery phase peaking in 2022, driven by rising energy costs and robust demand for machinery and consumer goods. The slight decline to $570.5B in 2023 reflects global economic adjustments and stabilization. These trends underscore Canada's reliance on imports for industrial development and consumer satisfaction.