Value of imports into China by month April 2020

In April 2020, the value of imports to China amounted to around 154.9 billion U.S. dollars. This indicated a decrease in import value compared to the same period of the previous year.

Import trade partners

As of 2018, China was the world’s third largest importer of merchandise goods, representing 13.6 percent of worldwide imports. Over the last decade, the value of imports to China had increased significantly.
In 2019, ASEAN and the European Union were China’s most important import trade partners with an import value of about 1.95 trillion yuan and 1.91 trillion yuan respectively. Over 80 percent of China’s imports from the European Union were manufactured goods; main import comodities to China were machinery and transport equipment.

Trade balance

With a merchandise trade surplus of 351.1 billion U.S. dollars in 2018, China is still the nation with the highest trade surplus worldwide. Nevertheless, a rising number of economists have estimated a downturn in the economic development of China. Goods imports to China fell for the first time in 2014 since the global crisis of 2009 and increased by less than two percent in 2019. However, goods export growth slowed down as well. In early 2020, China reported monthly trade deficit of around seven billion U.S. dollars - first time since March 2018.

China: value of monthly imports from April 2017 to April 2020

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Source

Release date

May 2020

Region

China

Survey time period

April 2017 to April 2020

Supplementary notes

*From 2020, the source started grouping figures for January and February together to curb the influence of the Chinese New Year on the statistic. Chinese New Year falls between January 21 and February 21.

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Statistics on "Imports to China"

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