Imports to China increased by 6.5 percent year-on-year to a record high of USD 203.7 billion in December of 2020, after a 4.5 percent rise a month earlier and above market consensus of a 5 percent increase. This was the fourth straight month of growth in inbound shipments, supported by improving domestic demand and higher commodity prices. Purchases rose for both coal (1,619.85%), natural gas (18.06%). In contrast, imports fell for crude oil (-15.42%), refined products (-34.35%), unwrought copper (-2.78%), copper ores & concentrates (-2.23%), iron ore (-4.5%), steel products (-7.28%), soybeans (-21.16%), and rubber (-2.06%). Considering the whole 2020, purchases dropped by 1.1 percent. Imports from the US however, were up 9.8 percent. source: General Administration of Customs
Imports in China averaged 583.42 USD HML from 1981 until 2020, reaching an all time high of 2037.54 USD HML in December of 2020 and a record low of 13.88 USD HML in February of 1983. This page provides - China Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news. China Imports - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
Imports in China is expected to be 1700.00 USD HML by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in China to stand at 1900.00 in 12 months time. In the long-term, the China Imports is projected to trend around 1920.00 USD HML in 2022, according to our econometric models.