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 surplus recorded in February, but exports continue to decline sharply
March 15, 2019
According to Statistics Indonesia, the country recorded a trade surplus of USD 0.3 billion in February, confounding market expectations of a deficit.
China: Trade figures deteriorate sharply in February
March 8, 2019
In February, exports declined 20.7% over the same month last year, which contrasted the 9.3% rise in January.
Indonesia: Fourth consecutive monthly trade deficit recorded in January as exports decline
February 15, 2019
According to Statistics Indonesia, the country recorded a trade deficit of USD 1.2 billion in January, once more coming in wider than market expectations.
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