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Value of imports into China by month 2018-2021

In March 2021, the accumulated value of imports to China amounted to around 227.34 billion U.S. dollars. This indicated an increase in import value compared to the same period of the previous year.

Import trade partners

As of 2019, China was the world’s third largest importer of merchandise goods, representing 13.1 percent of worldwide imports. Over the last decade, the value of imports to China had increased significantly.
In 2020, ASEAN and the European Union were China’s most important import trade partners with an import value of about 2.08 trillion yuan and 1.79 trillion yuan respectively. Over 85 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 nearly 422 billion U.S. dollars in 2019, 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.

Value of monthly imports in China from March 2018 to March 2021

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Source

Release date

April 2021

Region

China

Survey time period

March 2018 to March 2021

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Statistics on "Imports to China"

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