100+ datasets found
  1. Share of imports in gross domestic product (GDP) in China 2000-2024

    • statista.com
    Updated Feb 28, 2025
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    Statista (2025). Share of imports in gross domestic product (GDP) in China 2000-2024 [Dataset]. https://www.statista.com/statistics/257009/share-of-imports-in-gross-domestic-product/
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    Dataset updated
    Feb 28, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    China
    Description

    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.

  2. J

    Japan JP: Goods Trade: % of GDP

    • ceicdata.com
    Updated Feb 15, 2025
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    CEICdata.com (2025). Japan JP: Goods Trade: % of GDP [Dataset]. https://www.ceicdata.com/en/japan/trade-statistics/jp-goods-trade--of-gdp
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    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2005 - Dec 1, 2016
    Area covered
    Japan
    Variables measured
    Merchandise Trade
    Description

    Japan JP: Goods Trade: % of GDP data was reported at 28.120 % in 2017. This records an increase from the previous number of 25.307 % for 2016. Japan JP: Goods Trade: % of GDP data is updated yearly, averaging 18.298 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 30.975 % in 2014 and a record low of 13.557 % in 1993. Japan JP: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Japan – Table JP.World Bank: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted average;

  3. U

    United Kingdom UK: Goods Trade: % of GDP

    • ceicdata.com
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    United Kingdom UK: Goods Trade: % of GDP [Dataset]. https://www.ceicdata.com/en/united-kingdom/trade-statistics/uk-goods-trade--of-gdp
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    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2006 - Dec 1, 2017
    Area covered
    United Kingdom
    Variables measured
    Merchandise Trade
    Description

    United Kingdom UK: Goods Trade: % of GDP data was reported at 41.528 % in 2017. This records an increase from the previous number of 39.457 % for 2016. United Kingdom UK: Goods Trade: % of GDP data is updated yearly, averaging 37.803 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 45.255 % in 1977 and a record low of 29.045 % in 1967. United Kingdom UK: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United Kingdom – Table UK.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted average;

  4. S

    Slovenia SI: Goods Trade: % of GDP

    • ceicdata.com
    + more versions
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    Slovenia SI: Goods Trade: % of GDP [Dataset]. https://www.ceicdata.com/en/slovenia/trade-statistics/si-goods-trade--of-gdp
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    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2012 - Dec 1, 2023
    Area covered
    Slovenia
    Variables measured
    Merchandise Trade
    Description

    Slovenia SI: Goods Trade: % of GDP data was reported at 211.794 % in 2023. This records a decrease from the previous number of 232.216 % for 2022. Slovenia SI: Goods Trade: % of GDP data is updated yearly, averaging 121.490 % from Dec 1992 (Median) to 2023, with 32 observations. The data reached an all-time high of 232.216 % in 2022 and a record low of 82.170 % in 1999. Slovenia SI: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Slovenia – Table SI.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.;World Trade Organization, and World Bank GDP estimates.;Weighted average;

  5. w

    Goods and services (BPM6): Trade openness indicators, average of imports and...

    • tcdata360.worldbank.org
    Updated Apr 1, 2018
    + more versions
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    World Bank (2018). Goods and services (BPM6): Trade openness indicators, average of imports and exports, goods and services [Dataset]. https://tcdata360.worldbank.org/indicators/bpm6.trade.open.avg
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    Dataset updated
    Apr 1, 2018
    Dataset provided by
    World Bank
    Description

    This table shows exports, imports and sum/average of exports and imports as percentage of nominal gross domestic product (GDP). The indicators are calculated for trade in goods, trade in services and total trade in goods and services. The average of imports and exports, which indicates roughly the size of international trade, is the sum of imports and exports divided by two.

  6. Papua New Guinea Trade in services (% of GDP)

    • knoema.com
    csv, json, sdmx, xls
    Updated Mar 2, 2025
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    Knoema (2025). Papua New Guinea Trade in services (% of GDP) [Dataset]. https://knoema.com/atlas/Papua-New-Guinea/topics/Economy/Balance-of-Payments-Current-accounts/Trade-in-services-percent-of-GDP
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    json, sdmx, csv, xlsAvailable download formats
    Dataset updated
    Mar 2, 2025
    Dataset authored and provided by
    Knoemahttp://knoema.com/
    Time period covered
    2012 - 2023
    Area covered
    Papua New Guinea
    Variables measured
    Trade in services in % of GDP
    Description

    Trade in services (% of GDP) of Papua New Guinea slumped by 13.11% from 9.3 % in 2022 to 8.1 % in 2023. Since the 14.88% surge in 2021, trade in services (% of GDP) dropped by 6.52% in 2023. Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.

  7. GDP distribution across economic sectors in China 2014-2024

    • statista.com
    Updated Jan 17, 2025
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    Statista (2025). GDP distribution across economic sectors in China 2014-2024 [Dataset]. https://www.statista.com/statistics/270325/distribution-of-gross-domestic-product-gdp-across-economic-sectors-in-china/
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    Dataset updated
    Jan 17, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    China
    Description

    According to preliminary data, the agricultural sector contributed around 6.8 percent to the gross domestic product (GDP) of China in 2024, whereas 36.5 percent of the economic value added originated from the industrial sector and 54.6 percent from the service sector, respectively. The total GDP of China at current prices amounted to approximately 134.91 trillion yuan in 2024. Economic development in China The gross domestic product (GDP) serves as a primary indicator to measure the economic performance of a country or a region. It is generally defined as the monetary value of all finished goods and services produced within a country in a specific period of time. It includes all of private and public spending, government spending, investments, and net exports which are calculated as total exports minus imports. In other words, GDP represents the size of the economy.With its national economy growing at an exceptional annual growth rate of above nine percent for three decades in succession, China had become the worlds’ second largest economy by 2010, surpassing all other economies but the United States. Even though China's GDP growth has cooled down in recent years, its economy still expanded at roughly two times the pace of the United States in 2024. Breakdown of GDP in China When compared to other developed countries, the proportions of agriculture and industry in China's GDP are significantly higher. Even though agriculture is a major industry in the United States, it only accounted for about one percent of the economy in 2023. While the service sector contributed to more than 70 percent of the economy in most developed countries, it's share was considerably lower in China. This was not only due to China's lower development level, but also to the country’s focus on manufacturing and export. However, as the future limitations of this growth model become more and more apparent, China is trying to shift it's economic focus to the high-tech and service sectors. Accordingly, growth rates of the service sector have been considerably higher than in industry and agriculture in the years before the spread of the coronavirus pandemic.

  8. M

    Mexico MX: Goods Trade: % of GDP

    • ceicdata.com
    Updated Jan 15, 2025
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    CEICdata.com (2025). Mexico MX: Goods Trade: % of GDP [Dataset]. https://www.ceicdata.com/en/mexico/trade-statistics/mx-goods-trade--of-gdp
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    Dataset updated
    Jan 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2006 - Dec 1, 2017
    Area covered
    Mexico
    Variables measured
    Merchandise Trade
    Description

    Mexico MX: Goods Trade: % of GDP data was reported at 73.122 % in 2017. This records an increase from the previous number of 71.579 % for 2016. Mexico MX: Goods Trade: % of GDP data is updated yearly, averaging 29.708 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 73.122 % in 2017 and a record low of 9.763 % in 1972. Mexico MX: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Mexico – Table MX.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted average;

  9. Niger Trade in services (% of GDP)

    • hi.knoema.com
    csv, json, sdmx, xls
    Updated Mar 2, 2025
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    Knoema (2025). Niger Trade in services (% of GDP) [Dataset]. https://hi.knoema.com/atlas/Niger/topics/%E0%A4%85%E0%A4%B0%E0%A4%A5%E0%A4%B5%E0%A4%AF%E0%A4%B5%E0%A4%B8%E0%A4%A5/Balance-of-Payments-Current-accounts/Trade-in-services-percent-of-GDP
    Explore at:
    sdmx, xls, csv, jsonAvailable download formats
    Dataset updated
    Mar 2, 2025
    Dataset authored and provided by
    Knoemahttp://knoema.com/
    Time period covered
    2011 - 2022
    Area covered
    Niger
    Variables measured
    Trade in services in % of GDP
    Description

    10.4 (%) in 2022. Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.

  10. Poland Trade in services (% of GDP)

    • hi.knoema.com
    csv, json, sdmx, xls
    Updated Mar 2, 2025
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    Knoema (2025). Poland Trade in services (% of GDP) [Dataset]. https://hi.knoema.com/atlas/Poland/topics/Economy/Balance-of-Payments-Current-accounts/Trade-in-services-percent-of-GDP?view=snowflake
    Explore at:
    xls, json, csv, sdmxAvailable download formats
    Dataset updated
    Mar 2, 2025
    Dataset authored and provided by
    Knoemahttp://knoema.com/
    Time period covered
    2012 - 2023
    Area covered
    Poland
    Variables measured
    Trade in services in % of GDP
    Description

    21.6 (%) in 2023. Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.

  11. Palau Trade in services (% of GDP)

    • hi.knoema.com
    csv, json, sdmx, xls
    Updated Mar 2, 2025
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    Knoema (2025). Palau Trade in services (% of GDP) [Dataset]. https://hi.knoema.com/atlas/palau/topics/%E0%A4%85%E0%A4%B0%E0%A4%A5%E0%A4%B5%E0%A4%AF%E0%A4%B5%E0%A4%B8%E0%A4%A5/balance-of-payments-current-accounts/trade-in-services-percent-of-gdp
    Explore at:
    csv, json, xls, sdmxAvailable download formats
    Dataset updated
    Mar 2, 2025
    Dataset authored and provided by
    Knoemahttp://knoema.com/
    Time period covered
    2011 - 2022
    Area covered
    Palau
    Variables measured
    Trade in services in % of GDP
    Description

    31.5 (%) in 2022. Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.

  12. Cameroon Trade in services (% of GDP)

    • hi.knoema.com
    csv, json, sdmx, xls
    Updated Mar 2, 2025
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    Knoema (2025). Cameroon Trade in services (% of GDP) [Dataset]. https://hi.knoema.com/atlas/Camer%C3%BAn/topics/Econom%C3%ADa/Balanza-de-pagos-Cuentas-corrientes/Comercio-de-servicios-percent-del-PIB
    Explore at:
    csv, json, sdmx, xlsAvailable download formats
    Dataset updated
    Mar 2, 2025
    Dataset authored and provided by
    Knoemahttp://knoema.com/
    Time period covered
    2011 - 2022
    Area covered
    Cameroon
    Variables measured
    Trade in services in % of GDP
    Description

    9.6 (%) in 2022. Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.

  13. U

    United States US: Goods Trade: % of GDP

    • ceicdata.com
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    United States US: Goods Trade: % of GDP [Dataset]. https://www.ceicdata.com/en/united-states/trade-statistics/us-goods-trade--of-gdp
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    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2005 - Dec 1, 2016
    Area covered
    United States
    Variables measured
    Merchandise Trade
    Description

    United States US: Goods Trade: % of GDP data was reported at 20.403 % in 2017. This records an increase from the previous number of 19.873 % for 2016. United States US: Goods Trade: % of GDP data is updated yearly, averaging 15.276 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 24.156 % in 2011 and a record low of 6.531 % in 1962. United States US: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted average;

  14. Guinea Trade in services (% of GDP)

    • hi.knoema.com
    csv, json, sdmx, xls
    Updated Mar 2, 2025
    + more versions
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    Knoema (2025). Guinea Trade in services (% of GDP) [Dataset]. https://hi.knoema.com/atlas/guinea/topics/%E0%A4%85%E0%A4%B0%E0%A4%A5%E0%A4%B5%E0%A4%AF%E0%A4%B5%E0%A4%B8%E0%A4%A5/balance-of-payments-current-accounts/trade-in-services-percent-of-gdp
    Explore at:
    json, csv, sdmx, xlsAvailable download formats
    Dataset updated
    Mar 2, 2025
    Dataset authored and provided by
    Knoemahttp://knoema.com/
    Time period covered
    2012 - 2023
    Area covered
    Guinea
    Variables measured
    Trade in services in % of GDP
    Description

    15.4 (%) in 2023. Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.

  15. t

    [DISCONTINUED] Market integration by type of trade activities

    • service.tib.eu
    Updated Jan 8, 2025
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    (2025). [DISCONTINUED] Market integration by type of trade activities [Dataset]. https://service.tib.eu/ldmservice/dataset/eurostat_1hrqhsbqbe4telgar2ivxw
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    Dataset updated
    Jan 8, 2025
    Description

    The product has been discontinued since: 20 Sep 2016. Trade integration of goods and services as a percentage of GDP (gross domestic product). Average of imports and exports of the items goods and services of the balance of payments divided by GDP. If the index increases over time it means that the country/zone is becoming more integrated within the international economy.

  16. T

    China Exports By Country

    • tradingeconomics.com
    • de.tradingeconomics.com
    • +17more
    csv, excel, json, xml
    Updated Mar 10, 2017
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    TRADING ECONOMICS (2017). China Exports By Country [Dataset]. https://tradingeconomics.com/china/exports-by-country
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    json, excel, xml, csvAvailable download formats
    Dataset updated
    Mar 10, 2017
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 1, 1990 - Dec 31, 2025
    Area covered
    China
    Description

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

  17. c

    Resource productivity

    • opendata.marche.camcom.it
    • db.nomics.world
    json
    Updated Aug 7, 2024
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    ESTAT (2024). Resource productivity [Dataset]. https://opendata.marche.camcom.it/json-browser.htm?dse=cei_pc030?lastTimePeriod=1
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    jsonAvailable download formats
    Dataset updated
    Aug 7, 2024
    Dataset authored and provided by
    ESTAT
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    2023
    Area covered
    Variables measured
    Euro per kilogram, chain linked volumes (2015), Purchasing power standard (PPS) per kilogram, Index, 2000=100
    Description

    The indicator is defined as the gross domestic product (GDP) divided by domestic material consumption (DMC).

    DMC measures the total amount of materials directly used by an economy. It is defined as the annual quantity of raw materials extracted from the domestic territory of the local economy, plus all physical imports minus all physical exports. It is important to note that the term 'consumption', as used in DMC, denotes apparent consumption and not final consumption. DMC does not include upstream flows related to imports and exports of raw materials and products originating outside of the local economy.

    Copyright notice and free re-use of data on: https://ec.europa.eu/eurostat/about-us/policies/copyright

  18. G

    Germany DE: Goods Trade: % of GDP

    • ceicdata.com
    Updated Feb 15, 2025
    + more versions
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    Germany DE: Goods Trade: % of GDP [Dataset]. https://www.ceicdata.com/en/germany/trade-statistics/de-goods-trade--of-gdp
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    Dataset updated
    Feb 15, 2025
    Dataset provided by
    CEICdata.com
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2012 - Dec 1, 2023
    Area covered
    Germany
    Variables measured
    Merchandise Trade
    Description

    Germany DE: Goods Trade: % of GDP data was reported at 70.595 % in 2023. This records a decrease from the previous number of 78.260 % for 2022. Germany DE: Goods Trade: % of GDP data is updated yearly, averaging 42.441 % from Dec 1960 (Median) to 2023, with 64 observations. The data reached an all-time high of 78.260 % in 2022 and a record low of 24.193 % in 1962. Germany DE: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Germany – Table DE.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.;World Trade Organization, and World Bank GDP estimates.;Weighted average;

  19. Value of trade in the UK 2000-2024

    • statista.com
    • flwrdeptvarieties.store
    Updated Feb 13, 2025
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    Statista (2025). Value of trade in the UK 2000-2024 [Dataset]. https://www.statista.com/statistics/284753/value-of-imports-and-exports-uk/
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    Dataset updated
    Feb 13, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United Kingdom
    Description

    In the fourth quarter of 2024, the value of exports from the United Kingdom amounted to approximately 206.3 billion British pounds, while imports to the country amounted to around 217.8 billion pounds, resulting in a trade deficit of around 11.5 billion pounds in this quarter. During this time period, the value of UK exports was highest in the fourth quarter of 2022, with the value of imports peaking in the third quarter of 2022. The UK's main trade partners Despite the UK leaving the EU in 2020 following the Brexit referendum of 2016, Europe remains the main destination for UK exports, with almost half of UK exports heading there in 2023. During the same year, just over 60 percent of imports came from European countries, compared with around 17.9 percent from countries in Asia, and 11.8 percent from the Americas. In terms of individual countries, the United States was the UK's leading export partner for both goods and services from the UK, while Germany was the main source of UK goods imports, and the U.S. for service imports. It is as yet unclear how the return of Donald Trump to the White House will impact UK/US trade relations, should the President follow through with threats made on the campaign trail to increase trade tariffs. Brexit rethink under Starmer? Although generally more pro-European than the previous government, the new Labour government, led by Keir Starmer, does not plan to rejoin the European Union, or the Single Market. Public opinion, while gradually turning against Brexit recently, has not coalesced around a particular trading relationship. In late 2023, a survey indicated that while 31 percent of British adults wanted to rejoin the EU, a further 30 percent wanted to simply improve relations with the EU, instead of rejoining. Just 11 percent of respondents wanted to join the single market but not the EU, while 10 percent were happy with the relationship as it was. At the start of 2025, after several months in office, the new government has not signalled any major change in direction regarding on this, but has broadly signalled it wants a better relationship with the EU.

  20. Togo TG: Goods Trade: % of GDP

    • ceicdata.com
    Updated Dec 15, 2011
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    CEICdata.com (2011). Togo TG: Goods Trade: % of GDP [Dataset]. https://www.ceicdata.com/en/togo/trade-statistics/tg-goods-trade--of-gdp
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    Dataset updated
    Dec 15, 2011
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 1, 2006 - Dec 1, 2017
    Area covered
    Togo
    Description

    Togo TG: Goods Trade: % of GDP data was reported at 76.150 % in 2017. This records an increase from the previous number of 75.110 % for 2016. Togo TG: Goods Trade: % of GDP data is updated yearly, averaging 62.693 % from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 105.156 % in 2013 and a record low of 25.537 % in 1993. Togo TG: Goods Trade: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Togo – Table TG.World Bank.WDI: Trade Statistics. Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.; ; World Trade Organization, and World Bank GDP estimates.; Weighted average;

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Statista (2025). Share of imports in gross domestic product (GDP) in China 2000-2024 [Dataset]. https://www.statista.com/statistics/257009/share-of-imports-in-gross-domestic-product/
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Share of imports in gross domestic product (GDP) in China 2000-2024

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Dataset updated
Feb 28, 2025
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
China
Description

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.

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