International Merchandise Trade Statistics: Imports: Commodities for Canada
XTIMVA01CAM667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
46,415,920,000.00
Year-over-Year Change
0.42%
Date Range
1/1/1957 - 5/1/2025
Summary
The International Merchandise Trade Statistics: Imports: Commodities for Canada tracks the value of goods imported into Canada from other countries. This data provides insight into Canada's trade balance and economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series measures the total import value of goods and commodities entering Canada, including raw materials, consumer products, and capital equipment. It is a key indicator of international trade and economic integration, informing policymakers and analysts about Canada's participation in global supply chains.
Methodology
The data is collected by Statistics Canada through customs declarations and other administrative sources.
Historical Context
This import data is used to assess Canada's trade position and inform economic and trade policies.
Key Facts
- Canada is the 9th largest importer in the world.
- Machinery and equipment make up the largest share of Canadian imports.
- Canada's top import partners are the United States, China, and Mexico.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and commodities imported into Canada from other countries, providing insight into Canada's trade balance and economic activity.
Q: Why is this trend relevant for users or analysts?
A: This import data is a key indicator of Canada's participation in global supply chains and trade relationships, informing policymakers and analysts about the country's economic integration and performance.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Canada through customs declarations and other administrative sources.
Q: How is this trend used in economic policy?
A: This import data is used to assess Canada's trade position and inform economic and trade policies, such as tariffs, trade agreements, and strategies to promote exports.
Q: Are there update delays or limitations?
A: The import data is typically released with a 1-2 month delay and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Canada (XTIMVA01CAM667S), retrieved from FRED.