Imports in China increased to 369.43 USD Billion in February from 230.79 USD Billion in December of 2024. This dataset provides - China Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, China imported approximately 2.59 trillion U.S. dollars worth of goods. This indicated an increase in import value by about 1.1 percent compared to the previous year. Import development in ChinaIn 2013, China had surpassed the United States as the world’s largest goods trader. That year, China’s imports and exports had summed up to more than four trillion U.S. dollars. There has been a fairly steady increase in imports over the last decade with the exception of 2009 and 2015-2016. China’s imports of goods had decreased by around eleven percent due to the global financial crisis in 2009, before recovering to a positive growth in 2010. In 2015, Chinese imports went down by 13.2 percent due to the global uncertainty following several geopolitical conflicts, disease outbreaks, and terrorism, according to the commerce minister of China.In 2023, China's import contribution to the gross domestic product (GDP) ranged at around 14 percent. In the same year, Chinese exports exceeded the country's imports by around 822.1 billion U.S. dollars creating a hefty merchandise trade surplus. ASEAN and the European Union countries were China’s most important import trade partners, with imports worth approximately 2.7 trillion yuan and 1.9 trillion yuan respectively in 2023.

In 2023, Chinese exports of trade goods to the United States amounted to about 427.23 billion U.S. dollars; a significant increase from 1985 levels, when imports from China amounted to about 3.86 billion U.S. dollars. U.S. exports to China Compared to U.S. imports from China, the value of U.S. exports to China in 2020 amounted to 427.23billion U.S. dollars. China is the United States’ largest trading partner, while China was the United States third largest goods export market. Some of the leading exports to China in the agricultural sector included soybeans, cotton, and pork products. Texas was the leading state that exported to China in 2020 based on total value of goods exports, at 16.9 billion U.S. dollars. U.S. - China trade war The trade war between the United States and China is an economic conflict between two of the world’s largest national economies. It started in 2018 when U.S. President Donald Trump started putting tariffs and trade barriers on China, with the intent to get China to conform to Trump’s wishes. President Trump claimed that China has unfair trade businesses. As a result of this trade war, it has caused a lot of tension between the U.S. and China. Nearly half of American companies impacted by the U.S.-China trade tariffs said that the trade war increased their cost of manufacturing. The healthcare product industry has suffered the most from the trade war in regards to reduced profits.

Key information about China Total Imports Growth

• China Total Imports grew 20.8 % YoY in Dec 2024, compared with an increase of 22.2 % YoY in the previous month
• China Total Imports Growth data is updated monthly, available from May 2009 to Oct 2021, with an averaged rate of 5.9 %
• The data reached an all-time high of 74.7 % in Feb 2010 and a record low of -25.5 % in Mar 2015

• In the latest reports, China Total Imports recorded 230.8 USD bn in Dec 2024
• Total Exports reached 335.6 USD bn in Dec 2024, which registered an increase of 28.1 % year on year
• China Trade Balance recorded a surplus of 104.8 USD bn in Dec 2024

China's share of imports in gross domestic product (GDP) was about 13.6 percent in 2024. The total gross domestic product amounted to approximately 135 trillion yuan that year. Import development in China Trade is essential to modern economies. The imports-to-GDP ratio measures a country’s openness to inward trade. One similar indicator is the trade-to-GDP-ratio, which is the sum of exports and imports divided by GDP. It is used to measure a country’s integration in the world economy. As of 2023, China was the second largest merchandise importing nation worldwide, only next to the United States. China’s imports of goods had nearly doubled over the last decade. In 2010, the import value stood at around 1.4 trillion U.S. dollars, whereas in 2024, China brought forth approximately 2.5 trillion U.S. dollars worth of imported commodities, its main import goods being integrated circuits, crude oil, and iron ore. Meanwhile, the monetary value of services imported to China, although much lower than merchandise imports, also increased steadily. Where does China import from? In 2024, ASEAN was the leading import partner for China, with imports amounting to approximately 2.81 trillion yuan. The European Union was the second largest import source providing nearly two trillion yuan worth of goods to China. In 2023, the European Union imported around 514 billion euros worth of merchandise from China, resulting in a trade deficit of roughly 291 billion euros. Trade deficits were most significant in sectors such as machinery, transport equipment and apparel manufacturing.

This page displays a table with China Imports By Country in U.S. dollars, according to the United Nations COMTRADE database on international trade.

Imports of Iron Ores & Concentrate in China increased to 27448964 USD Thousand in February from 12431921 USD Thousand in December of 2023. This dataset includes a chart with historical data for China Imports of Iron Ores & Concentrate.

In December 2024, the total value of imports to China amounted to around 230.8 billion U.S. dollars. This indicated a slight increase in import value compared to the same period of the previous year. Import trade partners As of 2022, China was the world’s second-largest importer of merchandise goods, representing 10.6 percent of worldwide imports. Over the last decade, the value of imports to China has increased significantly.In 2023, ASEAN and the European Union were China’s most important import trade partners, with an import value of about 2.73 trillion yuan and 1.98 trillion yuan respectively. About 86 percent of China’s imports from the European Union were manufactured goods; the main import commodities to China were machinery and transport equipment. Trade balance With a merchandise trade surplus of more than 823 billion U.S. dollars in 2023, China is still the nation with the highest trade surplus worldwide. Despite the pandemic, China exported nearly 3.38 trillion U.S. dollar-worth of goods in 2023, setting another record in history. Nevertheless, a rising number of economists have estimated a downturn in China's economic development recently.

Key information about China Crude Oil: Imports

• China Crude Oil: Imports was reported at 11,308.860 Barrel/Day th in Dec 2023
• This records an increase from the previous number of 10,187.048 Barrel/Day th for Dec 2022
• China Crude Oil: Imports data is updated yearly, averaging 1,400.537 Barrel/Day th from Dec 1980 to 2023, with 44 observations
• The data reached an all-time high of 11,308.860 Barrel/Day th in 2023 and a record low of 1.404 Barrel/Day th in 1981
• China Crude Oil: Imports data remains active status in CEIC and is reported by Organization of the Petroleum Exporting Countries
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.OPEC.CO: Crude Oil Imports

Imports of Integrated Circuit in China increased to 54697395.46 USD Thousand in February from 33358900.62 USD Thousand in December of 2023. This dataset includes a chart with historical data for China Imports of Integrated Circuit.

Imports YoY in China decreased to -8.40 percent in February from 1 percent in December of 2024. This dataset includes a chart with historical data for China Imports YoY.

China recorded a trade surplus of 104.84 USD Billion in December of 2024. This dataset provides - China Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Imports of Machine Tools in China increased to 974465.67 USD Thousand in February from 567283.77 USD Thousand in December of 2023. This dataset includes a chart with historical data for China Imports of Machine Tools.

Imports of Logs & Lumber in China increased to 1910651.16 USD Thousand in February from 1046203 USD Thousand in December of 2023. This dataset includes a chart with historical data for China Imports of Logs & Lumber.

China Import: Asia data was reported at 1,192.990 USD bn in 2018. This records an increase from the previous number of 1,030.184 USD bn for 2017. China Import: Asia data is updated yearly, averaging 147.137 USD bn from Dec 1984 (Median) to 2018, with 35 observations. The data reached an all-time high of 1,192.990 USD bn in 2018 and a record low of 13.376 USD bn in 1984. China Import: Asia data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under Global Database’s China – Table CN.JA: Trade: Annual.

Imports from Laos in China increased to 381084 USD Thousand in February from 356605 USD Thousand in January of 2024. This dataset includes a chart with historical data for China Imports From Laos.

Imports of Wheat in China increased to 587464 USD Thousand in February from 216110 USD Thousand in January of 2024. This dataset includes a chart with historical data for China Imports of Wheat.

In 2024, goods imports to China increased by about 2.3 percent compared to the previous year (based on yuan value). Resulting from a difficult global economic environment and the high base of total imports during the pandemic, China's international trade saw only slow growth that year. Goods import to China In 2024 China’s total international trade value reached 43.8 trillion yuan, comprised of 25.5 trillion yuan merchandise export value and 18.4 trillion yuan import value. Imports accounted for nearly 13.6 percent of the gross domestic product (GDP) that year.China is the world’s second largest merchandise importer after the United States. Among the country’s major import goods are integrated circuits, crude oil, and iron ore. The ASEAN was the major region exporting to China in 2024, accounting for over 15 percent of China’s total imports. The European Union was China's second largest import origin that year. In addition, China's closest neighbors – South Korea, Taiwan, and Japan – each covered six to eight percent of the total import value. Import growth China's merchandise imports were stalled as a result of the difficult global economic environment in 2024. Guangdong province was China's largest import destination, followed by Shanghai municipality and Jiangsu province. As for trade partners, China has increased its imports of merchandise from Russia significantly since 2022. In 2023, China imported nearly 920 billion yuan of products from Russia.

China Import Volume Index data was reported at 135.797 2015=100 in 2021. This records an increase from the previous number of 126.073 2015=100 for 2020. China Import Volume Index data is updated yearly, averaging 19.959 2015=100 from Dec 1980 (Median) to 2021, with 42 observations. The data reached an all-time high of 135.797 2015=100 in 2021 and a record low of 1.974 2015=100 in 1980. China Import Volume Index data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s China – Table CN.World Bank.WDI: Trade Index. Import volume indexes are derived from UNCTAD's volume index series and are the ratio of the import value indexes to the corresponding unit value indexes. Unit value indexes are based on data reported by countries that demonstrate consistency under UNCTAD quality controls, supplemented by UNCTAD’s estimates using the previous year’s trade values at the Standard International Trade Classification three-digit level as weights. To improve data coverage, especially for the latest periods, UNCTAD constructs a set of average prices indexes at the three-digit product classification of the Standard International Trade Classification revision 3 using UNCTAD’s Commodity Price Statistics, international and national sources, and UNCTAD secretariat estimates and calculates unit value indexes at the country level using the current year’s trade values as weights. For economies for which UNCTAD does not publish data, the import volume indexes (lines 73) in the IMF's International Financial Statistics are used.;United Nations Conference on Trade and Development, Handbook of Statistics and data files, and International Monetary Fund, International Financial Statistics.;;

China Import and Export: MoM: SA data was reported at 5.900 % in May 2020. This records an increase from the previous number of 1.500 % for Apr 2020. China Import and Export: MoM: SA data is updated monthly, averaging 1.100 % from May 2009 (Median) to May 2020, with 124 observations. The data reached an all-time high of 16.200 % in Apr 2018 and a record low of -19.100 % in Feb 2014. China Import and Export: MoM: SA data remains active status in CEIC and is reported by General Administration of Customs. The data is categorized under China Premium Database’s International Trade – Table CN.JA: USD: Trade: Value.