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
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Albania | 4.3 | 4.7 | 5.4 | 5.9 | 6.0 |
| Algeria | 52.7 | 49.4 | 49.0 | 48.6 | - |
| Angola | 20.7 | 13.0 | 14.5 | 15.8 | 14.1 |
| Argentina | 60.2 | 55.9 | 66.9 | 65.5 | 49.1 |
| Armenia | 2.8 | 2.8 | 3.8 | 4.4 | 4.9 |
| Australia | 201 | 189 | 221 | 227 | 214 |
| Austria | 141 | 143 | 159 | 173 | 170 |
| Azerbaijan | 9.8 | 9.0 | 9.0 | 11.0 | 11.3 |
| Bahrain | 15.7 | 13.6 | 16.0 | 19.0 | 17.2 |
| Bangladesh | 36.6 | 38.8 | 43.5 | 54.5 | 55.4 |
| Belarus | 28.3 | 25.6 | 31.7 | 35.9 | 36.4 |
| Belgium | 377 | 381 | 413 | 450 | 434 |
| Belize | 1.0 | 0.9 | 0.8 | 0.9 | 1.0 |
| Bolivia | 9.1 | 7.9 | 8.7 | 9.4 | 9.1 |
| Bosnia and Herzegovina | 8.2 | 8.4 | 9.8 | 10.7 | 10.6 |
| Botswana | 7.0 | 5.9 | 5.2 | 6.1 | 6.6 |
| Brazil | 171 | 138 | 151 | 181 | 177 |
| Brunei | 3.2 | 2.7 | 3.1 | 4.2 | 5.1 |
| Bulgaria | 27.3 | 26.8 | 31.6 | 34.6 | 35.1 |
| Cambodia | 13.4 | 14.2 | 15.6 | 18.9 | 22.4 |
| Canada | 429 | 413 | 442 | 469 | 463 |
| Chile | 58.6 | 55.9 | 61.5 | 70.6 | 65.7 |
| China | 1,680 | 1,588 | 1,844 | 2,136 | 2,078 |
| Colombia | 52.1 | 43.2 | 44.2 | 49.6 | 50.8 |
| Costa Rica | 14.7 | 15.2 | 15.9 | 16.6 | 16.1 |
| Cote d'Ivoire | 8.6 | 7.8 | 8.5 | 9.5 | 9.4 |
| Croatia | 20.6 | 21.8 | 24.6 | 28.1 | 27.9 |
| Cyprus | 7.2 | 7.9 | 9.4 | 10.7 | 9.4 |
| Czech Republic | 121 | 120 | 135 | 152 | - |
| DR Congo | - | - | - | - | - |
| Denmark | 85.3 | 84.4 | 92.0 | 102 | 97.3 |
| Dominican Republic | 16.9 | 17.4 | 17.7 | 20.2 | 20.3 |
| Ecuador | 21.5 | 16.3 | 20.0 | 23.2 | 22.6 |
| Egypt | 61.3 | 57.4 | 59.0 | 63.1 | 66.5 |
| El Salvador | 10.3 | 9.8 | 10.6 | 11.8 | 12.0 |
| Estonia | 14.5 | 15.0 | 16.7 | 19.2 | 18.0 |
| Ethiopia | 16.7 | 16.4 | 15.9 | 15.3 | - |
| Eurozone | 1,957 | 1,941 | 2,159 | 2,412 | 2,329 |
| Finland | 56.9 | 58.5 | 66.1 | 73.2 | 70.9 |
| France | 554 | 556 | 609 | 674 | 650 |
| Georgia | 7.0 | 6.7 | 7.4 | 8.5 | 8.7 |
| Germany | 1,017 | 1,021 | 1,133 | 1,263 | 1,221 |
| Ghana | 13.6 | 12.9 | 12.6 | 13.1 | 13.3 |
| Greece | 47.1 | 47.0 | 53.9 | 64.7 | 61.9 |
| Guatemala | 17.6 | 17.0 | 18.4 | 19.7 | 19.9 |
| Haiti | 3.4 | 3.2 | 3.6 | 4.5 | - |
| Honduras | 11.2 | 10.6 | 11.4 | 12.3 | 11.9 |
| Hong Kong | 523 | 517 | 559 | 603 | 564 |
| Hungary | 90.8 | 92.2 | 104 | 117 | 117 |
| Iceland | 5.3 | 5.6 | 7.3 | 7.9 | 6.5 |
| India | 379 | 384 | 463 | 513 | 467 |
| Indonesia | 143 | 136 | 157 | 189 | 171 |
| Iran | 57.6 | 63.1 | 75.5 | 60.8 | - |
| Iraq | 40.3 | 29.1 | 32.2 | 38.9 | 49.4 |
| Ireland | 77.8 | 82.0 | 93.8 | 109 | 101 |
| Israel | 60.5 | 63.9 | 68.5 | 77.1 | 75.9 |
| Italy | 411 | 406 | 452 | 503 | - |
| Jamaica | 5.0 | 4.6 | 5.5 | 6.2 | 6.3 |
| Japan | 632 | 584 | 642 | 723 | 698 |
| Jordan | 20.5 | 19.3 | 20.5 | 20.3 | 19.3 |
| Kazakhstan | 33.2 | 26.2 | 30.6 | 34.2 | 38.7 |
| Kenya | 15.9 | 14.2 | 16.6 | 17.4 | 17.6 |
| Korea | 436 | 406 | 478 | 535 | 503 |
| Kosovo | 2.9 | 3.1 | 3.5 | 3.9 | 4.0 |
| Kuwait | 26.4 | 27.0 | 29.5 | 31.3 | - |
| Kyrgyzstan | 3.9 | 3.7 | 4.2 | 5.0 | 4.6 |
| Laos | 5.7 | 5.4 | 5.7 | 6.2 | 6.3 |
| Latvia | 14.2 | 13.8 | 15.7 | 17.5 | 16.9 |
| Lebanon | 17.6 | 17.9 | 18.4 | 18.9 | - |
| Lithuania | 24.3 | 23.7 | 28.3 | 31.9 | 32.1 |
| Luxembourg | 19.7 | 19.6 | 21.7 | 23.3 | 23.2 |
| Malaysia | 176 | 168 | 195 | 218 | 205 |
| Malta | 5.1 | 4.9 | 5.0 | 5.3 | 5.3 |
| Mexico | 395 | 387 | 420 | 464 | 455 |
| Moldova | 3.6 | 3.6 | 4.4 | 5.3 | 5.4 |
| Mongolia | 3.8 | 3.4 | 4.3 | 5.9 | 6.1 |
| Montenegro | 2.0 | 2.2 | 2.6 | 2.9 | 2.9 |
| Morocco | 33.3 | 36.7 | 39.5 | 44.9 | 44.7 |
| Mozambique | 7.6 | 4.7 | 5.2 | 6.2 | 6.8 |
| Myanmar | 13.8 | 12.8 | 15.6 | 15.4 | - |
| Netherlands | 413 | 408 | 461 | 521 | 515 |
| New Zealand | 36.8 | 36.0 | 40.2 | 43.9 | 42.4 |
| Nicaragua | 5.9 | 5.9 | 6.1 | 5.2 | - |
| Nigeria | 52.3 | 35.2 | 32.7 | 40.8 | 62.1 |
| North Macedonia | 5.4 | 5.9 | 6.6 | 7.8 | 8.2 |
| Norway | 76.3 | 74.9 | 82.8 | 87.2 | 86.1 |
| Oman | 26.5 | 21.3 | 24.1 | 23.6 | - |
| Pakistan | 41.4 | 41.1 | 48.0 | 55.7 | 51.9 |
| Panama | 22.5 | 20.7 | 22.3 | 24.0 | 22.3 |
| Paraguay | 10.3 | 9.8 | 11.5 | 12.9 | 12.2 |
| Peru | 37.3 | 35.1 | 38.7 | 41.9 | 41.1 |
| Philippines | 71.1 | 84.1 | 96.1 | 113 | 112 |
| Poland | 189 | 193 | 227 | 262 | 255 |
| Portugal | 66.9 | 67.9 | 78.5 | 89.0 | 89.9 |
| Puerto Rico | 43.1 | 43.3 | 45.9 | 46.5 | 49.4 |
| Qatar | 28.5 | 31.9 | 30.6 | 33.3 | 31.3 |
| Romania | 70.2 | 74.8 | 86.2 | 96.7 | 98.3 |
| Russia | 193 | 191 | 238 | 249 | 255 |
| Saudi Arabia | 159 | 128 | 123 | 126 | 132 |
| Serbia | 17.1 | 17.7 | 20.4 | 23.8 | 24.7 |
| Singapore | 304 | 283 | 316 | 355 | 342 |
| Slovakia | 66.4 | 72.5 | 80.0 | 90.2 | 107 |
| Slovenia | 25.1 | 26.1 | 30.5 | 34.5 | 34.9 |
| South Africa | 84.3 | 74.3 | 82.9 | 92.3 | 87.5 |
| Spain | 306 | 304 | 344 | 372 | 367 |
| Sri Lanka | 18.9 | 19.2 | 21.0 | 22.2 | 19.9 |
| Sweden | 139 | 141 | 154 | 169 | 158 |
| Switzerland | 254 | 270 | 269 | 279 | 278 |
| Taiwan | 236 | 229 | 257 | 285 | 286 |
| Tajikistan | 2.9 | 2.6 | 2.4 | 2.8 | 2.9 |
| Tanzania | 9.8 | 8.5 | 7.6 | 8.1 | 9.0 |
| Thailand | 187 | 178 | 201 | 229 | 216 |
| Trinidad and Tobago | 7.5 | 7.1 | 6.5 | 6.7 | - |
| Tunisia | 19.1 | 18.4 | 19.6 | 21.5 | 20.4 |
| Turkey | 204 | 193 | 228 | 220 | 199 |
| Turkmenistan | 6.1 | 5.3 | 4.0 | 2.4 | 2.9 |
| USA | 2,273 | 2,207 | 2,356 | 2,557 | 2,517 |
| Uganda | 5.0 | 4.5 | 5.2 | 6.1 | 6.8 |
| Ukraine | 38.9 | 40.5 | 49.4 | 56.1 | 60.5 |
| United Arab Emirates | 224 | 227 | 246 | 235 | 241 |
| United Kingdom | 630 | 639 | 641 | 672 | 693 |
| Uruguay | 9.8 | 8.5 | 8.7 | 9.1 | 8.6 |
| Uzbekistan | 19.7 | 11.0 | 12.4 | 18.3 | 21.2 |
| Venezuela | 33.3 | 16.4 | 12.0 | 12.8 | - |
| Vietnam | 155 | 166 | 204 | 227 | 181 |
| Yemen | 6.6 | 6.9 | 6.9 | 7.4 | 9.3 |
| Zambia | 7.2 | 6.3 | 7.3 | 8.5 | 6.5 |
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Imports Economic News
-
Argentina: Merchandise exports continue to plummet in October
November 25, 2020
Merchandise exports tumbled 21.6% in annual terms in October, following September’s 18.0% slump.
-
Japan: Exports drop at a softer pace in October
November 18, 2020
Yen-denominated merchandise exports edged down 0.2% on an annual basis in October (September: -4.9% year-on-year).
-
Singapore: Non-oil exports unexpectedly contract in October
November 17, 2020
Non-oil domestic exports (NODX) fell 3.1% on an annual basis in October (September: +5.8% year-on-year).
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