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 | - |
| Argentina | 60.2 | 55.9 | 66.9 | 65.5 | 49.1 |
| Armenia | 2.8 | 2.8 | 3.8 | 4.4 | - |
| Australia | 201 | 189 | 221 | 227 | 214 |
| Austria | 141 | 143 | 159 | 173 | - |
| Azerbaijan | 9.8 | 9.0 | 9.0 | 11.0 | - |
| Bahrain | 15.7 | 13.6 | 16.0 | 19.0 | - |
| 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 | 433 |
| Belize | 1.0 | 0.9 | 0.8 | 0.9 | - |
| Bolivia | 9.1 | 7.9 | 8.6 | 9.4 | - |
| Bosnia and Herzegovina | 8.2 | 8.4 | 9.8 | 10.7 | - |
| Botswana | 7.0 | 5.9 | 5.2 | 6.1 | - |
| Brazil | 171 | 138 | 151 | 181 | 177 |
| Brunei | 3.2 | 2.7 | 3.1 | 4.1 | - |
| Bulgaria | 27.3 | 26.8 | 31.6 | 34.6 | 33.0 |
| Cambodia | 13.4 | 14.2 | 15.6 | 18.9 | - |
| Canada | 429 | 413 | 442 | 469 | 462 |
| Chile | 58.6 | 55.9 | 61.5 | 70.8 | 65.5 |
| China | 1,680 | 1,588 | 1,844 | 2,136 | 2,077 |
| Colombia | 52.1 | 43.2 | 44.2 | 49.6 | - |
| Costa Rica | 14.7 | 15.2 | 15.9 | 16.6 | 16.1 |
| Cote d'Ivoire | 8.6 | 7.8 | 8.5 | 9.2 | - |
| Croatia | 20.6 | 21.8 | 24.6 | 28.1 | - |
| 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 | - |
| 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 | 1.1 | 0.0 | 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 | 2,160 | 2,414 | - |
| Finland | 56.9 | 58.5 | 66.1 | 73.2 | 70.3 |
| France | 554 | 556 | 608 | 670 | 648 |
| Georgia | 7.0 | 6.7 | 7.4 | 8.5 | - |
| Germany | 1,017 | 1,021 | 1,132 | 1,266 | 1,220 |
| Ghana | 13.6 | 12.9 | 12.6 | 13.1 | 13.3 |
| Greece | 47.1 | 47.0 | 53.9 | 64.7 | 61.9 |
| Guatemala | 15.5 | 15.1 | 16.5 | 17.7 | - |
| Haiti | 3.4 | 3.2 | 3.6 | 4.5 | - |
| Honduras | 11.2 | 10.6 | 11.3 | 12.2 | - |
| 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 | 512 | - |
| Indonesia | 143 | 136 | 157 | 189 | 171 |
| Iran | 57.6 | 63.1 | 75.5 | - | - |
| Iraq | 40.3 | 29.1 | 32.2 | 38.9 | - |
| Ireland | 77.8 | 82.0 | 93.8 | 109 | 99.8 |
| Israel | 60.5 | 63.9 | 68.5 | 77.1 | - |
| Italy | 411 | 406 | 452 | 503 | - |
| Jamaica | 4.4 | 4.1 | 4.9 | 5.4 | - |
| Japan | 632 | 584 | 641 | 723 | - |
| Jordan | 20.5 | 19.3 | 20.5 | 20.3 | - |
| Kazakhstan | 33.2 | 26.2 | 30.6 | 34.2 | 37.9 |
| Kenya | 15.9 | 14.2 | 16.6 | 17.4 | 17.2 |
| 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 | 4.2 | 4.0 | 4.5 | 4.9 | - |
| Laos | 5.7 | 5.4 | 5.7 | 6.2 | - |
| Latvia | 14.2 | 13.8 | 15.7 | 17.5 | 12.6 |
| Lebanon | 17.6 | 17.9 | 18.4 | 18.9 | - |
| Lithuania | 24.3 | 23.7 | 28.3 | 31.9 | - |
| Luxembourg | 19.7 | 19.6 | 21.7 | 23.2 | - |
| Malaysia | 176 | 168 | 195 | 218 | 205 |
| Malta | 5.1 | 4.9 | 5.0 | 5.3 | - |
| Mexico | 395 | 387 | 420 | 464 | 455 |
| Moldova | 3.6 | 3.6 | 4.4 | 5.3 | - |
| 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 | 44.8 | - |
| 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 | - |
| North Macedonia | 5.4 | 5.9 | 6.6 | 7.8 | - |
| Norway | 76.6 | 74.9 | 82.6 | 87.5 | - |
| Oman | 26.5 | 21.3 | 24.1 | 23.6 | - |
| Pakistan | 41.4 | 41.3 | 48.7 | 56.6 | 52.8 |
| Panama | 22.5 | 20.7 | 22.3 | 24.0 | - |
| Paraguay | 10.3 | 9.8 | 11.5 | 12.9 | 12.3 |
| Peru | 37.3 | 35.1 | 38.7 | 41.9 | 41.1 |
| Philippines | 71.1 | 84.1 | 96.1 | 113 | 107 |
| Poland | 189 | 193 | 227 | 262 | 255 |
| Portugal | 66.9 | 67.7 | 78.5 | 88.9 | - |
| Puerto Rico | 43.1 | 43.3 | 45.9 | 46.5 | 49.4 |
| Qatar | 28.5 | 31.9 | 30.7 | 33.3 | - |
| Romania | 70.2 | 74.8 | 86.2 | 96.7 | 98.3 |
| Russia | 193 | 191 | 238 | 249 | 255 |
| Saudi Arabia | 159 | 128 | 123 | 126 | - |
| Serbia | 17.1 | 17.7 | 20.4 | 23.8 | 24.7 |
| Singapore | 304 | 284 | 317 | 356 | 343 |
| Slovakia | 66.4 | 72.5 | 80.0 | 90.2 | - |
| Slovenia | 25.1 | 26.1 | 30.7 | 35.0 | 34.9 |
| South Africa | 85.5 | 74.8 | 81.8 | 92.3 | - |
| Spain | 306 | 304 | 344 | 372 | 367 |
| Sri Lanka | 18.9 | 19.2 | 21.0 | 22.2 | 19.9 |
| Sweden | 139 | 141 | 154 | 170 | - |
| Switzerland | 254 | 270 | 269 | 279 | 277 |
| Taiwan | 236 | 229 | 257 | 285 | 286 |
| Tajikistan | 2.9 | 2.6 | 2.4 | 2.8 | - |
| 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 | - |
| Turkey | 204 | 193 | 228 | 222 | 201 |
| Turkmenistan | 6.1 | 5.3 | 4.0 | 2.5 | - |
| USA | 2,273 | 2,207 | 2,359 | 2,562 | 2,519 |
| Uganda | 5.0 | 4.5 | 5.2 | 6.1 | 6.8 |
| Ukraine | 38.9 | 40.5 | 49.4 | 56.1 | 60.1 |
| United Arab Emirates | 224 | 227 | 246 | 235 | - |
| United Kingdom | 630 | 639 | 641 | 672 | 692 |
| Uruguay | 9.8 | 8.5 | 8.7 | 9.1 | - |
| Uzbekistan | 17.0 | 11.0 | 12.4 | 18.3 | - |
| Venezuela | 33.3 | 16.4 | 12.0 | 12.8 | - |
| Vietnam | 155 | 166 | 204 | 227 | - |
| Yemen | 6.6 | 7.1 | 7.1 | 7.8 | - |
| Zambia | 7.2 | 6.3 | 7.3 | 8.5 | 6.5 |
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Imports Economic News
-
Malaysia: Merchandise exports contract at fastest pace since 2009 in May
June 29, 2020
Merchandise exports plunged 28.5% in annual USD terms in May, surpassing April’s 27.9% fall, and marking the sharpest fall since July 2009.
-
Mexico: Exports and imports collapse at record-breaking pace in May
June 26, 2020
Exports crashed 56.7% year-on-year in May, marking a new record-breaking drop after April had already registered a record 40.9% fall.
-
Argentina: Exports continue to plunge amid coronavirus crisis
June 26, 2020
Exports tumbled 16.3% in year-on-year terms in May, following April’s sharper 18.9% dive.
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