Merchandise Imports in China
Merchandise imports in China were worth USD 2,585 billion in 2024, compared to USD 1,959 billion ten years earlier, and they averaged USD 2,171 billion over the last decade. For more information on imports, visit our dedicated page.
China Merchandise Imports Chart
Note: This chart displays Imports (USD billion) for China from 2024 to 2023.
Source: Macrobond.
China Merchandise Imports Data
2020 | 2021 | 2022 | 2023 | 2024 | |
---|---|---|---|---|---|
Merchandise Imports (USD bn) | 2,066 | 2,687 | 2,707 | 2,557 | 2,583 |
Merchandise Imports (ann. var. %) | -0.6 | 30.0 | 0.7 | -5.5 | 1.0 |
Merchandise exports gain steam in June
Latest reading: Merchandise exports climbed 5.8% on an annual basis in June (May: +4.8% year-on-year), beating market expectations and coming after the temporary reduction in U.S. tariffs. Meanwhile, merchandise imports increased 1.0% in annual terms in June (May: -3.4% yoy). As a result, the merchandise trade balance improved from the previous month, recording a USD 114.8 billion surplus in June (May 2025: USD 103.2 billion surplus; June 2024: USD 99.0 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 1142.9 billion surplus in June, compared to the USD 1127.1 billion surplus in May.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Chinese merchandise imports projections for the next ten years from a panel of 11 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable merchandise imports forecast available for Chinese merchandise imports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Chinese merchandise imports projections.
Want to get access to the full dataset of Chinese merchandise imports forecasts? Send an email to info@focus-economics.com.
Latest Global Trade News
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