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
-
Japan: Exports increase at a milder pace in September
October 20, 2021
Yen-denominated merchandise exports rose 13.0% year-on-year in September, following August’s 26.2% increase.
-
Indonesia: Merchandise exports grow at a slower pace in September
October 15, 2021
Merchandise exports shot up 47.6% in annual terms in September, following August’s 64.1% upturn.
-
Germany: Merchandise exports drop in August
October 14, 2021
Merchandise exports dropped 1.2% month-on-month in August on a calendar- and seasonally-adjusted basis, swinging from July’s 0.6% expansion.
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