International Merchandise Trade Statistics: Imports: Commodities for Canada
XTIMVA01CAQ664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
196,954,700,000.00
Year-over-Year Change
18.53%
Date Range
1/1/1955 - 1/1/2025
Summary
This economic trend measures the value of commodities imported into Canada. It is a key indicator of international trade and a critical input for analyzing Canada's balance of payments and economic performance.
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
The International Merchandise Trade Statistics: Imports: Commodities for Canada series tracks the total value of commodities, such as raw materials, intermediate goods, and final consumer products, that are imported into Canada from other countries. This data provides insights into Canada's trade relationships, consumer demand, and industrial production.
Methodology
The data is collected by Statistics Canada through surveys of Canadian importers and customs records.
Historical Context
This import data is widely used by policymakers, economists, and market analysts to assess Canada's economic health and guide decisions on trade, monetary, and fiscal policies.
Key Facts
- Canada is the 10th largest importer in the world.
- Imports account for over 30% of Canada's GDP.
- The top imported commodities are crude oil, passenger vehicles, and industrial machinery.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of commodities, such as raw materials, intermediate goods, and final consumer products, that are imported into Canada from other countries.
Q: Why is this trend relevant for users or analysts?
A: This import data is critical for analyzing Canada's balance of payments, trade relationships, consumer demand, and industrial production, which are key inputs for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by Statistics Canada through surveys of Canadian importers and customs records.
Q: How is this trend used in economic policy?
A: This import data is widely used by policymakers, economists, and market analysts to assess Canada's economic health and guide decisions on trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly by Statistics Canada, with a typical delay of 6-8 weeks.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Canada (XTIMVA01CAQ664N), retrieved from FRED.