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 | - |
| Cameroon | 6.3 | 7.0 | 5.6 | 4.8 | 4.8 |
| 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 |
| Rwanda | 1.9 | 2.0 | 1.9 | 2.0 | 1.9 |
| Saudi Arabia | 153 | 158 | 159 | 128 | 119 |
| Senegal | 5.9 | 6.2 | 5.2 | 5.0 | 6.1 |
| 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 |
| Zimbabwe | 7.0 | 6.6 | 7.5 | 6.4 | 5.5 |
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Imports Economic News
Indonesia: Indonesia records third consecutive monthly trade deficit in December, exports contract
January 15, 2019
According to Statistics Indonesia, the country recorded a trade deficit of USD 1.1 billion in December, marking the third consecutive month in which the deficit has been wider than market expectations.
China: Exports contract in December as sanctions bite
January 14, 2019
Exports contracted 4.4% from the same day in the previous year in December, contrasting the 3.9% expansion in November.
Indonesia: Trade deficit reaches multi-year high in November, exports contract
December 17, 2018
According to Statistics Indonesia, the country recorded a trade deficit of USD 2.0 billion in November, far larger than markets had expected and contrasting the USD 0.2 billion surplus registered in the same month last year.
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