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
-
Singapore: Non-oil exports rise in August surpassing market expectations
September 17, 2020
Non-oil domestic exports (NODX) rose 7.7% in annual terms in August, rising at a faster pace than July’s 5.9% increase and beating market expectations.
-
Japan: Exports decrease at milder rate in August
September 16, 2020
Yen-denominated merchandise exports sank 14.8% year-on-year in August, moderating from July’s 19.2% drop.
-
Indonesia: Merchandise exports contract at softer pace in August
September 15, 2020
Merchandise exports sank 8.4% in annual terms in August, following July’s 9.9% fall.
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