The statistic shows a ranking of the top 20 import countries worldwide in 2020. In 2020, the U.S. were the leading import country in the world with an import value of about 2.41 trillion US dollars.
Import and export worldwide
Import and export are generally important pillars of a country’s economy. The trade balance of a country shows the relationship between the values of a country’s imports and exports. If the balance is positive, i.e. if the value of exports is higher than that of imports, it is called a trade surplus. If it is negative and import values exceed export values, it represents a trade deficit.
Worldwide trade is regulated by the World Trade Organization (WTO). It provides a framework for trade agreements and helps in resolving disputes. Since its foundation in 1995, more than 150 countries have become members of the WTO and obligate themselves to follow its regulations.
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WTO. (July 23, 2021). Leading import countries worldwide in 2020 (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 28, 2022, from https://www.statista.com/statistics/268184/leading-import-countries-worldwide/
WTO. "Leading import countries worldwide in 2020 (in billion U.S. dollars)." Chart. July 23, 2021. Statista. Accessed June 28, 2022. https://www.statista.com/statistics/268184/leading-import-countries-worldwide/
WTO. (2021). Leading import countries worldwide in 2020 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 28, 2022. https://www.statista.com/statistics/268184/leading-import-countries-worldwide/
WTO. "Leading Import Countries Worldwide in 2020 (in Billion U.S. Dollars)." Statista, Statista Inc., 23 Jul 2021, https://www.statista.com/statistics/268184/leading-import-countries-worldwide/
WTO, Leading import countries worldwide in 2020 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/268184/leading-import-countries-worldwide/ (last visited June 28, 2022)