Imports (USD billion)
Imports are defined as goods produced outside the boundaries of one country, which are then purchased by that country. Together with exports, imports represent the keystone of foreign trade. A country buys goods from abroad because it cannot produce them itself or because there are comparative advantages in purchasing them from abroad. Imports generally subtract growth from the national gross output, although they add to well-being. A greater proportion of imports relative to a country’s Gross Domestic Product (GDP) indicates a country’s degree of dependence on purchases from abroad. The higher the degree, the more imports displace domestic output. Demand for imports depends on economic conditions in the buying country, as well as the exchange rate and relative prices.
The table below shows the value of imports in U.S. dollar (USD) billions for the last five years.
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Imports Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Albania | 4.8 | 5.4 | 4.3 | 4.7 | 5.4 |
| Algeria | 55.0 | 59.7 | 52.7 | 49.4 | 48.7 |
| Angola | 26.3 | 28.6 | 20.7 | 13.0 | 14.0 |
| Argentina | 74.4 | 65.2 | 59.8 | 55.6 | 66.9 |
| Armenia | 3.8 | 3.8 | 2.8 | 2.8 | 3.9 |
| Australia | 233 | 228 | 201 | 189 | 221 |
| Austria | 162 | 172 | 141 | 143 | 160 |
| Azerbaijan | 10.3 | 9.3 | 9.8 | 9.0 | 9.0 |
| Bahrain | 21.2 | 19.7 | 15.7 | 13.6 | 16.0 |
| Bangladesh | 34.1 | 36.6 | 37.7 | 39.9 | 43.5 |
| Belarus | 41.1 | 38.1 | 28.3 | 25.6 | 31.6 |
| Belgium | 440 | 467 | 377 | 381 | 411 |
| Belize | 0.9 | 0.9 | 1.0 | 0.9 | 0.8 |
| Bolivia | 9.7 | 10.7 | 9.8 | 8.5 | 9.3 |
| Bosnia and Herzegovina | 9.1 | 10.3 | 8.2 | 8.4 | - |
| Botswana | 7.9 | 7.9 | 7.1 | 5.9 | 5.0 |
| Brazil | 240 | 229 | 171 | 138 | 151 |
| Brunei | 3.6 | 3.6 | 3.2 | 2.7 | - |
| Bulgaria | 31.4 | 32.6 | 27.3 | 26.8 | 31.7 |
| Cambodia | 9.8 | 10.7 | 12.0 | 12.7 | - |
| Canada | 473 | 475 | 429 | 413 | 442 |
| Chile | 74.8 | 68.6 | 58.6 | 55.3 | 61.3 |
| China | 1,950 | 1,959 | 1,680 | 1,588 | 1,844 |
| Colombia | 56.6 | 61.1 | 51.6 | 42.8 | 44.0 |
| Costa Rica | 15.1 | 15.6 | 14.7 | 15.3 | 15.9 |
| Cote d'Ivoire | 12.6 | 10.7 | 10.4 | 8.3 | 9.5 |
| Croatia | 21.9 | 22.9 | 20.6 | 21.8 | 24.5 |
| Cyprus | 6.3 | 8.3 | 7.2 | 7.9 | 9.4 |
| Czech Republic | 128 | 136 | 121 | 120 | 134 |
| DR Congo | 10.8 | 12.7 | 10.6 | 10.2 | - |
| Denmark | 97.2 | 99.1 | 85.3 | 85.2 | 92.1 |
| Dominican Republic | 16.8 | 17.3 | 16.9 | 17.4 | 17.7 |
| Ecuador | 25.8 | 27.7 | 21.5 | 16.3 | 20.0 |
| Egypt | 57.7 | 60.2 | 61.3 | 57.4 | 58.3 |
| El Salvador | 10.7 | 10.5 | 10.3 | 9.8 | 10.6 |
| Estonia | 18.5 | 18.3 | 14.5 | 15.0 | 16.6 |
| Ethiopia | 12.1 | 15.4 | 16.7 | 16.4 | - |
| Eurozone | 2,261 | 2,295 | 1,973 | 1,940 | 2,182 |
| Finland | 73.5 | 75.3 | 57.4 | 58.4 | 65.9 |
| France | 639 | 639 | 554 | 558 | 607 |
| Georgia | 8.0 | 8.6 | 7.7 | 9.9 | 8.0 |
| Germany | 1,155 | 1,184 | 1,017 | 1,019 | 1,134 |
| Ghana | 17.6 | 14.6 | 13.5 | 12.9 | 12.7 |
| Greece | 47.5 | 49.2 | 36.2 | 38.5 | 42.8 |
| Guatemala | 16.4 | 17.1 | 16.4 | 15.8 | 17.1 |
| Haiti | 3.3 | 3.7 | 3.4 | 3.2 | 3.6 |
| Honduras | 11.0 | 11.1 | 11.2 | 10.6 | 11.3 |
| Hong Kong | 524 | 545 | 523 | 517 | 559 |
| Hungary | 99.3 | 104 | 90.8 | 92.2 | 104 |
| Iceland | 4.9 | 5.6 | 5.3 | 5.6 | 7.3 |
| India | 451 | 448 | 379 | 384 | 460 |
| Indonesia | 187 | 178 | 143 | 136 | 157 |
| Iran | 63.6 | 70.9 | 57.6 | 63.1 | - |
| Iraq | 60.1 | 54.4 | 48.0 | 34.3 | 38.8 |
| Ireland | 74.2 | 82.8 | 77.9 | 81.9 | 89.5 |
| Israel | 70.2 | 70.7 | 60.0 | 63.5 | 67.5 |
| Italy | 479 | 475 | 411 | 406 | 451 |
| Jamaica | 6.2 | 5.8 | 5.0 | 4.8 | - |
| Japan | 832 | 816 | 649 | 606 | 670 |
| Jordan | 19.6 | 20.4 | 18.2 | 17.2 | 18.1 |
| Kazakhstan | 50.8 | 44.1 | 33.8 | 28.1 | 31.8 |
| Kenya | 16.4 | 18.5 | 15.9 | 13.6 | 16.6 |
| Korea | 516 | 526 | 436 | 406 | 478 |
| Kosovo | 3.2 | 3.5 | 2.9 | 3.1 | 3.5 |
| Kuwait | 25.4 | 27.3 | 26.4 | 26.4 | 31.5 |
| Kyrgyzstan | 5.6 | 5.3 | 3.9 | 3.7 | 4.2 |
| Laos | 3.1 | 4.3 | 5.2 | 4.7 | - |
| Latvia | 16.8 | 16.8 | 13.9 | 13.5 | 15.8 |
| Lebanon | 20.5 | 22.1 | 19.0 | 19.4 | 19.9 |
| Lithuania | 34.1 | 35.4 | 28.3 | 27.4 | 32.8 |
| Luxembourg | 23.7 | 24.8 | 19.7 | 19.6 | 21.7 |
| Macedonia | 5.6 | 6.2 | 5.4 | 5.8 | 6.6 |
| Malaysia | 206 | 209 | 176 | 168 | 195 |
| Malta | 5.2 | 5.0 | 5.1 | 4.9 | - |
| Mexico | 381 | 400 | 395 | 387 | 420 |
| Moldova | 5.5 | 5.3 | 4.0 | 4.0 | 4.8 |
| Mongolia | 6.4 | 5.2 | 3.8 | 3.4 | 4.3 |
| Montenegro | 2.2 | 2.4 | 2.0 | 2.2 | 2.6 |
| Morocco | 45.6 | 41.7 | 33.4 | 36.7 | 39.6 |
| Mozambique | 8.5 | 8.0 | 7.6 | 4.7 | 5.2 |
| Myanmar | 9.5 | 11.9 | 13.7 | 12.8 | - |
| Netherlands | 513 | 509 | 413 | 412 | 464 |
| New Zealand | 39.7 | 42.6 | 36.8 | 36.0 | 40.2 |
| Nicaragua | 5.7 | 5.9 | 5.9 | 5.9 | 6.1 |
| Nigeria | 51.4 | 61.6 | 52.3 | 35.2 | 32.7 |
| Norway | 89.8 | 89.5 | 76.6 | 74.9 | 82.6 |
| Oman | 32.0 | 27.9 | 26.5 | 21.3 | - |
| Pakistan | 40.2 | 41.7 | 41.3 | 40.4 | 48.7 |
| Panama | 26.6 | 25.8 | 22.5 | 20.5 | 21.9 |
| Paraguay | 11.9 | 12.1 | 10.3 | 9.8 | 11.5 |
| Peru | 42.4 | 41.0 | 37.3 | 35.1 | 38.7 |
| Philippines | 62.4 | 65.4 | 71.1 | 84.1 | 92.9 |
| Poland | 199 | 215 | 189 | 193 | 224 |
| Portugal | 75.7 | 78.6 | 66.9 | 67.7 | 77.7 |
| Puerto Rico | 45.0 | 42.5 | 43.2 | 43.3 | 46.2 |
| Qatar | 31.5 | 31.1 | 28.5 | 31.9 | 30.6 |
| Romania | 71.9 | 80.1 | 70.2 | 74.8 | 86.2 |
| Russia | 341 | 308 | 193 | 192 | 238 |
| Saudi Arabia | 153 | 158 | 159 | 128 | 119 |
| Serbia | 19.5 | 19.6 | 17.1 | 17.7 | 20.4 |
| Singapore | 371 | 356 | 294 | 277 | 311 |
| Slovakia | 79.0 | 79.1 | 66.4 | 72.5 | 80.1 |
| Slovenia | 27.3 | 29.8 | 25.1 | 26.1 | 30.6 |
| South Africa | 101 | 102 | 89.6 | 75.1 | 84.5 |
| Spain | 325 | 362 | 306 | 304 | 344 |
| Sri Lanka | 18.0 | 19.4 | 18.9 | 19.2 | 21.0 |
| Sweden | 160 | 162 | 139 | 140 | 153 |
| Switzerland | 321 | 277 | 254 | 270 | 269 |
| Taiwan | 278 | 282 | 237 | 231 | 259 |
| Tajikistan | 4.1 | 4.7 | 3.4 | 3.0 | 2.8 |
| Tanzania | 11.0 | 10.9 | 9.8 | 8.5 | - |
| Thailand | 228 | 210 | 187 | 178 | 203 |
| Trinidad and Tobago | 10.0 | 8.6 | 8.6 | 9.4 | - |
| Tunisia | 23.9 | 25.0 | 20.3 | 19.1 | 20.6 |
| Turkey | 242 | 233 | 200 | 191 | 225 |
| Turkmenistan | 10.0 | 10.0 | 8.0 | 7.0 | - |
| USA | 2,294 | 2,385 | 2,273 | 2,208 | 2,361 |
| Uganda | 5.0 | 5.1 | 5.0 | 4.4 | 5.0 |
| Ukraine | 81.2 | 57.7 | 38.9 | 40.4 | 49.1 |
| United Arab Emirates | 231 | 235 | 224 | 230 | - |
| United Kingdom | 662 | 694 | 630 | 638 | 642 |
| Uruguay | 10.9 | 10.8 | 8.9 | 7.6 | 7.9 |
| Uzbekistan | 13.3 | 13.8 | 10.8 | 10.1 | - |
| Venezuela | 57.2 | 47.5 | 36.1 | - | - |
| Vietnam | 133 | 149 | 166 | 174 | 212 |
| Yemen | 13.3 | 12.1 | 6.6 | 7.0 | - |
| Zambia | 10.6 | 9.8 | 8.5 | 7.5 | 8.7 |
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Imports Economic News
Indonesia: Trade deficit broadens to five-year high in July on surge in imports
August 15, 2018
Indonesia recorded a trade deficit of USD 2.0 billion in July, contrasting June’s USD 1.7 billion surplus, according to Statistics Indonesia.
China: Export growth picks up in July
August 8, 2018
Export growth accelerated in July, expanding 12.2% over the previous year after logging a 11.3% increase in June.
Indonesia: Trade surplus recorded in June
July 16, 2018
According to Statistics Indonesia (BPS), Indonesia recorded a trade surplus of USD 1.7 billion in June, a turnaround from the USD 1.5 billion deficit recorded in May.
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