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: Indonesia registers record trade deficit in April
May 15, 2019
According to Statistics Indonesia, the country recorded a trade deficit of USD 2.5 billion in April, contrasting March’s revised USD 0.7 billion surplus and coming in substantially above market expectations of a mere USD 0.5 billion shortfall.
China: Exports contract in April as U.S. sanctions bite
May 8, 2019
In April, exports fell 2.7% over the same month last year, which contrasted the 13.8% expansion in March.
Indonesia: Indonesia records trade surplus in March despite further decline in exports
April 15, 2019
According to Statistics Indonesia, the country recorded a trade surplus of USD 0.5 billion in March, contrasting market expectations of a deficit but down from the USD 1.1 billion surplus registered in the same month of the prior year.
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