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
-
Mexico: Merchandise exports grow at a more moderate pace in June
July 27, 2021
Merchandise exports soared 29.1% over the same month last year in June (May: +125.2% year-on-year), driven by a doubling in the value of oil exports.
-
Thailand: Merchandise exports increase in June
July 25, 2021
Merchandise exports jumped 43.8% in annual terms in June, on the heels of May’s 41.6% upturn.
-
Argentina: Merchandise exports continue to jump in June also due to a low base effect
July 22, 2021
Merchandise exports soared 45.8% in annual terms in June, following May’s softer 34.2% jump.
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