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
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Albania | 5.4 | 4.3 | 4.7 | 5.4 | - |
| Algeria | 59.7 | 52.7 | 49.4 | 49.0 | - |
| Angola | 28.6 | 20.7 | 13.0 | 14.5 | - |
| Argentina | 65.7 | 60.2 | 55.9 | 66.9 | - |
| Armenia | 3.8 | 2.8 | 2.8 | 3.8 | - |
| Australia | 228 | 201 | 189 | 221 | - |
| Austria | 172 | 141 | 143 | 158 | - |
| Azerbaijan | 9.3 | 9.8 | 9.0 | 9.0 | - |
| Bahrain | 19.7 | 15.7 | 13.6 | 16.0 | - |
| Bangladesh | 36.6 | 37.7 | 39.9 | 43.5 | - |
| Belarus | 38.1 | 28.3 | 25.6 | 31.7 | - |
| Belgium | 467 | 377 | 381 | 413 | - |
| Belize | 0.9 | 1.0 | 0.9 | 0.8 | - |
| Bolivia | 9.9 | 9.1 | 7.9 | 8.6 | - |
| Bosnia and Herzegovina | 10.3 | 8.2 | 8.4 | 9.8 | - |
| Botswana | 7.9 | 7.2 | 5.9 | 5.2 | - |
| Brazil | 229 | 171 | 138 | 151 | - |
| Brunei | 3.7 | 3.2 | 2.7 | 3.1 | - |
| Bulgaria | 32.6 | 27.3 | 26.8 | 31.6 | - |
| Cambodia | 12.1 | 13.4 | 14.2 | 15.6 | - |
| Canada | 475 | 429 | 413 | 442 | - |
| Chile | 68.6 | 58.6 | 55.9 | 61.5 | - |
| China | 1,959 | 1,680 | 1,588 | 1,844 | - |
| Colombia | 61.5 | 52.1 | 43.2 | 44.2 | - |
| Costa Rica | 15.6 | 14.7 | 15.2 | 15.9 | - |
| Cote d'Ivoire | 10.8 | 10.4 | 8.4 | 9.6 | - |
| Croatia | 22.9 | 20.6 | 21.8 | 24.6 | - |
| Cyprus | 8.3 | 7.2 | 7.9 | 9.4 | - |
| Czech Republic | 136 | 121 | 120 | 135 | - |
| DR Congo | - | - | - | - | - |
| Denmark | 99.1 | 85.3 | 84.4 | 91.9 | - |
| Dominican Republic | 17.3 | 16.9 | 17.4 | 17.7 | - |
| Ecuador | 27.7 | 21.5 | 16.3 | 20.0 | - |
| Egypt | 60.2 | 61.3 | 57.4 | 59.0 | - |
| El Salvador | 10.5 | 10.3 | 9.8 | 10.6 | - |
| Estonia | 18.3 | 14.5 | 15.0 | 16.7 | - |
| Ethiopia | 15.4 | 16.7 | 16.4 | 15.9 | - |
| Eurozone | 2,296 | 1,981 | 1,956 | 2,177 | - |
| Finland | 75.3 | 57.2 | 58.7 | 66.2 | - |
| France | 639 | 554 | 556 | 608 | - |
| Georgia | 8.3 | 7.0 | 6.7 | 7.4 | - |
| Germany | 1,184 | 1,017 | 1,021 | 1,132 | - |
| Ghana | 14.5 | 13.6 | 12.9 | 12.6 | - |
| Greece | 65.3 | 47.1 | 47.0 | 53.9 | - |
| Guatemala | 17.1 | 16.4 | 15.8 | 17.1 | - |
| Haiti | 3.7 | 3.5 | 3.2 | 3.6 | - |
| Honduras | 11.1 | 11.2 | 10.6 | 11.3 | - |
| Hong Kong | 545 | 523 | 517 | 559 | - |
| Hungary | 104 | 90.8 | 92.2 | 104 | - |
| Iceland | 5.6 | 5.3 | 5.6 | 7.3 | - |
| India | 448 | 379 | 384 | 463 | - |
| Indonesia | 178 | 143 | 136 | 157 | - |
| Iran | 70.9 | 57.6 | 63.1 | 75.5 | - |
| Iraq | 49.8 | 40.3 | 29.1 | 32.2 | - |
| Ireland | 82.7 | 77.8 | 82.0 | 93.8 | - |
| Israel | 71.0 | 60.5 | 63.9 | 68.5 | - |
| Italy | 475 | 411 | 406 | 452 | - |
| Jamaica | 5.2 | 4.4 | 4.1 | 4.9 | - |
| Japan | 805 | 632 | 584 | 641 | - |
| Jordan | 22.9 | 20.5 | 19.3 | 20.5 | - |
| Kazakhstan | 42.5 | 33.2 | 26.2 | 30.6 | - |
| Kenya | 16.9 | 14.3 | 13.4 | 16.0 | - |
| Korea | 526 | 436 | 406 | 478 | - |
| Kosovo | 3.5 | 2.9 | 3.1 | 3.5 | - |
| Kuwait | 27.3 | 26.4 | 27.0 | 29.5 | - |
| Kyrgyzstan | 5.3 | 3.9 | 3.7 | 4.2 | - |
| Laos | 5.0 | 5.7 | 5.4 | 5.7 | - |
| Latvia | 17.2 | 14.1 | 13.7 | 16.0 | - |
| Lebanon | 19.6 | 17.3 | 17.9 | 18.4 | - |
| Lithuania | 33.8 | 27.1 | 26.3 | 31.6 | - |
| Luxembourg | 24.8 | 19.7 | 19.6 | 21.7 | - |
| Malaysia | 209 | 176 | 168 | 195 | - |
| Malta | 5.0 | 5.1 | 4.9 | 5.0 | - |
| Mexico | 400 | 395 | 387 | 420 | - |
| Moldova | 4.9 | 3.6 | 3.6 | 4.4 | - |
| Mongolia | 5.2 | 3.8 | 3.4 | 4.3 | - |
| Montenegro | 2.4 | 2.0 | 2.2 | 2.6 | - |
| Morocco | 40.9 | 33.3 | 36.7 | 39.5 | - |
| Mozambique | 8.0 | 7.6 | 4.7 | 5.2 | - |
| Myanmar | 11.9 | 13.8 | 12.8 | 15.6 | - |
| Netherlands | 509 | 413 | 408 | 461 | - |
| New Zealand | 42.6 | 36.8 | 36.0 | 40.2 | - |
| Nicaragua | 5.9 | 5.9 | 5.9 | 6.1 | - |
| Nigeria | 61.6 | 52.3 | 35.2 | 32.7 | - |
| North Macedonia | 6.2 | 5.4 | 5.9 | 6.6 | - |
| Norway | 89.5 | 76.6 | 74.9 | 82.6 | - |
| Oman | 27.9 | 26.5 | 21.3 | 24.1 | - |
| Pakistan | 41.7 | 41.4 | 41.3 | 48.7 | - |
| Panama | 25.8 | 22.5 | 20.7 | 22.3 | - |
| Paraguay | 12.1 | 10.3 | 9.8 | 11.5 | - |
| Peru | 41.0 | 37.3 | 35.1 | 38.7 | - |
| Philippines | 65.4 | 71.1 | 84.1 | 96.1 | - |
| Poland | 215 | 189 | 193 | 227 | - |
| Portugal | 78.6 | 66.9 | 67.7 | 78.3 | - |
| Puerto Rico | 42.6 | 43.1 | 43.3 | 45.9 | - |
| Qatar | 31.1 | 28.5 | 31.9 | 30.7 | - |
| Romania | 80.1 | 70.2 | 74.8 | 86.2 | - |
| Russia | 308 | 193 | 191 | 238 | - |
| Saudi Arabia | 158 | 159 | 128 | 123 | - |
| Serbia | 19.6 | 17.1 | 17.7 | 20.4 | - |
| Singapore | 364 | 304 | 284 | 316 | - |
| Slovakia | 79.1 | 66.4 | 72.5 | 80.0 | - |
| Slovenia | 29.8 | 25.1 | 26.1 | 30.7 | - |
| South Africa | 102 | 89.6 | 75.1 | 84.5 | - |
| Spain | 362 | 306 | 304 | 344 | - |
| Sri Lanka | 19.4 | 18.9 | 19.2 | 21.0 | - |
| Sweden | 162 | 139 | 140 | 154 | - |
| Switzerland | 277 | 254 | 270 | 269 | - |
| Taiwan | 282 | 237 | 231 | 259 | - |
| Tajikistan | 3.6 | 2.9 | 2.6 | 2.4 | - |
| Tanzania | 10.9 | 9.8 | 8.5 | 7.6 | - |
| Thailand | 209 | 187 | 178 | 201 | - |
| Trinidad and Tobago | 7.9 | 7.5 | 7.1 | 6.5 | - |
| Tunisia | 23.4 | 19.1 | 18.4 | 19.6 | - |
| Turkey | 233 | 200 | 191 | 225 | - |
| Turkmenistan | 8.4 | 6.1 | 5.3 | 4.6 | - |
| USA | 2,385 | 2,273 | 2,207 | 2,359 | - |
| Uganda | 5.1 | 5.0 | 4.5 | 5.2 | - |
| Ukraine | 57.7 | 38.9 | 40.5 | 49.4 | - |
| United Arab Emirates | 235 | 224 | 227 | 246 | - |
| United Kingdom | 694 | 630 | 638 | 641 | - |
| Uruguay | 11.8 | 9.8 | 8.5 | 8.7 | - |
| Uzbekistan | 19.0 | 15.9 | 11.0 | 12.4 | - |
| Venezuela | 47.3 | 33.3 | 16.4 | 12.0 | - |
| Vietnam | 148 | 166 | 175 | 213 | - |
| Yemen | 12.1 | 6.6 | 7.2 | 7.2 | - |
| Zambia | 8.6 | 7.2 | 6.3 | 7.3 | - |
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Imports Economic News
Indonesia: Exports bounce back in December; imports continue to decline
January 15, 2020
According to Statistics Indonesia, the country posted a trade deficit of USD 28 million in December, markedly smaller than the USD 470 million deficit expected by market analysts and the USD 1.1 billion deficit a year prior.
China: Trade data improves significantly in December
January 14, 2020
In December, exports rose 7.9% over the same month in 2019, contrasting the 1.3% drop in November.
Indonesia: Exports and imports continue to fall in November, trade balance turns negative
December 16, 2019
According to Statistics Indonesia, the country recorded a trade deficit of USD 1.3 billion in November, larger than market expectations of a USD 0.1 billion deficit, but smaller than the USD 2.1 billion deficit recorded in the same month of 2018.
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