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
| 2012 | 2013 | 2014 | 2015 | 2016 | |
|---|---|---|---|---|---|
| Albania | 4.9 | 4.8 | 5.4 | 4.3 | 4.7 |
| Algeria | 51.6 | 55.0 | 59.7 | 52.7 | 49.4 |
| Angola | 29.0 | 27.8 | 28.9 | 20.7 | 12.5 |
| Argentina | 68.0 | 74.4 | 65.2 | 59.8 | 55.6 |
| Armenia | 3.6 | 3.8 | 3.8 | 2.8 | 2.8 |
| Australia | 250 | 233 | 228 | 201 | 189 |
| Austria | 162 | 162 | 170 | 141 | 144 |
| Azerbaijan | 10.4 | 10.3 | 9.3 | 9.8 | 9.0 |
| Bahrain | 13.2 | 13.6 | 13.3 | 15.7 | 13.6 |
| Bangladesh | 35.5 | 34.1 | 36.6 | 37.7 | 39.7 |
| Belarus | 45.0 | 41.1 | 38.1 | 28.3 | 25.6 |
| Belgium | 434 | 440 | 468 | 377 | 378 |
| Belize | 0.9 | 0.9 | 1.0 | 1.0 | 1.0 |
| Bolivia | 8.6 | 9.7 | 10.7 | 9.8 | 8.5 |
| Bosnia and Herzegovina | 9.0 | 9.1 | 10.3 | 8.2 | 8.4 |
| Botswana | 8.0 | 8.0 | 8.2 | 7.4 | 6.1 |
| Brazil | 223 | 240 | 229 | 171 | 138 |
| Brunei | 3.6 | 3.6 | 3.6 | 3.2 | 2.7 |
| Bulgaria | -30.0 | -31.4 | -32.6 | 27.3 | 27.1 |
| Cambodia | 11.4 | 12.8 | 13.5 | 12.0 | 12.7 |
| Canada | 475 | 473 | 475 | 428 | 413 |
| Chile | 75.5 | 74.8 | 68.6 | 58.7 | 55.3 |
| China | 1,819 | 1,952 | 1,959 | 1,681 | 1,587 |
| Colombia | 56.1 | 56.6 | 61.1 | 51.6 | 42.8 |
| Costa Rica | 14.9 | 15.1 | 15.6 | 15.1 | 15.3 |
| Cote d'Ivoire | 9.8 | 12.6 | 10.7 | 9.9 | 8.4 |
| Croatia | 21.4 | 21.9 | 22.9 | 20.6 | 21.8 |
| Cyprus | 7.3 | 6.3 | 7.0 | 7.2 | 7.9 |
| Czech Republic | 128 | 128 | 136 | 121 | 121 |
| DR Congo | 8.7 | 10.8 | 12.7 | 10.6 | - |
| Denmark | 91.0 | 97.2 | 99.3 | 85.4 | 85.0 |
| Dominican Republic | 17.8 | 16.8 | 17.3 | 16.9 | 17.5 |
| Ecuador | 25.5 | 25.5 | 27.7 | 21.5 | 16.3 |
| Egypt | 59.2 | 57.7 | 60.2 | 61.3 | 57.4 |
| El Salvador | 10.3 | 10.8 | 10.5 | 10.4 | 9.9 |
| Estonia | 18.1 | 18.5 | 18.3 | 14.5 | 14.9 |
| Ethiopia | 11.8 | 12.1 | 15.4 | 16.7 | 16.4 |
| Eurozone | 2,257 | 2,262 | 2,295 | 1,952 | 1,925 |
| Finland | 72.7 | 73.5 | 75.7 | 57.7 | 57.9 |
| France | 652 | 658 | 227 | 538 | 536 |
| Georgia | 7.7 | 7.7 | 8.3 | 7.0 | 6.8 |
| Germany | 1,118 | 1,155 | 1,184 | 1,017 | 1,018 |
| Ghana | 17.8 | 17.6 | 14.5 | 13.5 | 12.9 |
| Greece | 56.2 | 47.5 | 49.2 | 36.1 | 38.2 |
| Guatemala | 15.8 | 16.4 | 17.1 | 16.4 | 15.8 |
| Haiti | 3.1 | 3.3 | 3.7 | 3.4 | 3.2 |
| Honduras | 11.4 | 11.0 | 11.1 | 11.1 | 10.6 |
| Hong Kong | 505 | 524 | 545 | 523 | 517 |
| Hungary | 94.3 | 99.3 | 104 | 90.8 | 92.1 |
| Iceland | 4.8 | 4.9 | 5.6 | 5.3 | 5.6 |
| India | 490 | 451 | 448 | 380 | 380 |
| Indonesia | 192 | 187 | 178 | 143 | 136 |
| Iran | 68.7 | 63.6 | 70.9 | 52.4 | - |
| Iraq | 59.0 | 59.3 | 53.2 | 33.2 | - |
| Ireland | 72.2 | 74.2 | 82.8 | 77.9 | 79.8 |
| Israel | 70.3 | 70.1 | 70.5 | 60.0 | 63.5 |
| Italy | 488 | 479 | 475 | 411 | 404 |
| Jamaica | 6.3 | 6.2 | 5.8 | 5.0 | 4.7 |
| Japan | 885 | 832 | 816 | 649 | 606 |
| Jordan | 18.5 | 19.6 | 20.4 | 18.2 | 17.1 |
| Kazakhstan | 48.8 | 50.8 | 44.1 | 33.8 | 27.9 |
| Kenya | 16.3 | 16.4 | 18.5 | 15.9 | 13.6 |
| Korea | 520 | 516 | 526 | 436 | 406 |
| Kosovo | 3.2 | 3.2 | 3.5 | 2.9 | 3.1 |
| Kuwait | 24.2 | 25.4 | 27.3 | 27.2 | 26.1 |
| Kyrgyzstan | 5.6 | 6.1 | 5.7 | 4.2 | 3.8 |
| Laos | 3.1 | 3.1 | 4.3 | 5.2 | 4.7 |
| Latvia | 16.0 | 16.8 | 16.8 | 13.9 | 13.6 |
| Lebanon | 20.3 | 20.5 | 21.1 | 17.1 | 17.6 |
| Lithuania | 31.6 | 34.1 | 35.4 | 28.3 | 27.4 |
| Luxembourg | 24.2 | 23.7 | 24.8 | 19.7 | 19.6 |
| Macedonia | 5.5 | 5.6 | 6.2 | 5.4 | 5.8 |
| Malaysia | 197 | 206 | 209 | 176 | 168 |
| Malta | 5.5 | 5.2 | 5.0 | 5.1 | 4.8 |
| Mexico | 371 | 381 | 400 | 395 | 387 |
| Moldova | 5.2 | 5.5 | 5.3 | 4.0 | 4.0 |
| Mongolia | 6.7 | 6.4 | 5.2 | 3.8 | 3.4 |
| Montenegro | - | - | - | - | - |
| Morocco | 44.8 | 45.6 | 41.7 | 33.4 | 36.7 |
| Mozambique | - | - | - | - | - |
| Myanmar | 7.4 | 9.1 | 10.8 | 16.8 | - |
| Netherlands | 499 | 513 | 509 | 425 | 421 |
| New Zealand | 38.3 | 39.7 | 42.6 | 36.8 | 36.0 |
| Nicaragua | 5.9 | 5.7 | 5.9 | 5.9 | 5.9 |
| Nigeria | 53.4 | 51.4 | 61.6 | 52.3 | 35.2 |
| Norway | 86.9 | 89.8 | 89.5 | 76.6 | 72.5 |
| Oman | 25.6 | 32.0 | 27.9 | 26.5 | - |
| Pakistan | 40.4 | 40.2 | 41.7 | 41.3 | 40.4 |
| Panama | 28.1 | 26.6 | 25.7 | 22.5 | 20.5 |
| Paraguay | 11.1 | 11.9 | 12.1 | 10.3 | 9.8 |
| Peru | 41.0 | 42.4 | 41.0 | 37.3 | 35.1 |
| Philippines | 62.1 | 62.4 | 65.4 | 71.1 | 84.1 |
| Poland | 192 | 199 | 215 | 189 | 194 |
| Portugal | 72.0 | 75.5 | 78.6 | 66.9 | 67.6 |
| Puerto Rico | 46.6 | 45.0 | 42.5 | 43.2 | 43.3 |
| Qatar | 30.8 | 31.5 | 31.1 | 28.5 | 31.9 |
| Romania | 65.0 | 68.0 | 65.0 | 70.2 | 74.8 |
| Russia | 336 | 341 | 308 | 193 | 192 |
| Saudi Arabia | 142 | 153 | 158 | 159 | 124 |
| Serbia | 18.0 | 19.5 | 19.6 | 17.1 | 17.9 |
| Singapore | 372 | 373 | 362 | 297 | 279 |
| Slovakia | 74.1 | 79.0 | 79.5 | 71.1 | 73.0 |
| Slovenia | 27.1 | 27.3 | 29.8 | 25.1 | 26.1 |
| South Africa | 105 | 101 | 102 | 89.6 | 75.2 |
| Spain | 322 | 325 | 362 | 306 | 304 |
| Sri Lanka | 19.2 | 18.0 | 19.4 | 18.9 | 19.4 |
| Sweden | 162 | 160 | 162 | 139 | 140 |
| Switzerland | 197 | 200 | 204 | 252 | 268 |
| Taiwan | 277 | 278 | 282 | 237 | 231 |
| Tajikistan | 3.8 | 4.1 | 4.7 | 3.4 | 3.0 |
| Tanzania | 10.3 | 11.0 | 10.9 | 9.8 | 8.6 |
| Thailand | 227 | 228 | 210 | 187 | 178 |
| Trinidad and Tobago | 11.6 | 12.6 | 11.3 | 9.5 | - |
| Tunisia | 24.1 | 23.9 | 25.0 | 20.3 | 19.1 |
| Turkey | 227 | 242 | 233 | 200 | 191 |
| Turkmenistan | 9.9 | 10.0 | 10.3 | 7.8 | - |
| USA | 2,304 | 2,294 | 2,385 | 2,273 | 2,208 |
| Uganda | 5.3 | 5.0 | 5.1 | 5.0 | 4.3 |
| Ukraine | 86.3 | 81.2 | 57.7 | 38.9 | 40.4 |
| United Arab Emirates | 218 | 230 | 240 | 224 | 230 |
| United Kingdom | 704 | 662 | 694 | 630 | 638 |
| Uruguay | 12.3 | 11.6 | 11.3 | 9.3 | 8.0 |
| Uzbekistan | 12.0 | 14.0 | 14.7 | 11.8 | - |
| Venezuela | 57.2 | 57.2 | 47.5 | - | - |
| Vietnam | 112 | 133 | 149 | 166 | 174 |
| Yemen | 11.4 | 10.8 | 11.2 | - | - |
| Zambia | 8.8 | 10.2 | 9.5 | 7.4 | 7.6 |
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Imports Economic News
Indonesia: Trade surplus rises in September
October 16, 2017
According to Statistics Indonesia (BPS), a trade surplus of USD 1.8 billion was recorded in September (September 2016: USD 1.3 billion), handily beating the USD 1.2 billion surplus that market analysts had expected. Exports grew 15.6% annually in September, slowing from the 19.4% expansion recorded in August.
Indonesia: Trade balance rebounds with unexpectedly large surplus in August
September 15, 2017
According to Statistics Indonesia (BPS), a trade surplus of USD 1.7 billion was recorded in August (August 2016: USD 369 million), rebounding from the one-off deficit posted in July and handily beating the USD 607 million surplus that market analysts had expected. Exports grew 19.2% annually in August, slowing from the 41.0% expansion recorded in July.
Indonesia: Trade deficit deteriorates to 20-month record in July
August 15, 2017
Indonesia recorded a trade deficit of USD 271 million in July (July 2016: USD 633 million), its first deficit in 20 months.
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