Imports to China jumped 51.1 percent year-on-year to USD 218.38 billion in May 2021, compared with market consensus of 51.5 percent surge, and after a 43.1 percent rise a month earlier. This was the steepest increase in inbound shipments since January 2011, amid strengthening domestic demand, surging commodity prices and a low base effect from last year. Purchases rose for natural gas (31.67%), unwrought copper (1.3%), copper ores & concentrates (15.09%), iron ore (3.17%), soybeans (2.42%), edible oil (47.59%), and rubber (5.67%). In contrast, purchases fell for crude oil (-14.6%), refined products (-40.43%), coal (-4.62%), steel products (-5.78%), and meat (-3.31%). Imports from all major trading partners rose: Japan (33.6%), South Korea (31.9%), Taiwan (29.5%), the EU (57.7%), the US (40.5%), Australia (55.4%), and ASEAN (53.8%). Considering the first five months of the year, imports were up 35.6 percent. source: General Administration of Customs
Imports in China averaged 598.78 USD HML from 1981 until 2021, reaching an all time high of 2275.31 USD HML in March of 2021 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 June of 2021.
Imports in China is expected to be 2250.00 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 2180.00 in 12 months time. In the long-term, the China Imports is projected to trend around 2200.00 USD HML in 2022 and 2350.00 USD HML in 2023, according to our econometric models.