Imports to China declined 7.5% from a year earlier to USD 228.07 billion in December 2022, less than market expectations of a 9.8% fall and moderating from a 10.6% decline in November, as domestic demand remained weak amid a surge in COVID-19 infections and supply chain issues. Purchases of coal and copper shrank 0.1% and 12.8%, respectively, as industrial activity slowed, while those of natural gas and steel products were also down 11.8% and 30.0%. In the meantime, imports were up for crude oil (4.2%), refined products (48.4%), copper ores & concentrates (2.1%), iron ore (5.6%), and soybeans (19.1%). Among major trade partners, purchases were down from the US (-7.1%), the EU (-13.5%), Taiwan (-19.8%), ASEAN (-7.7%), South Korea (-27.0%), Japan (-16.5%), and Australia (-2.6%). Considering 2022 full year, imports rose 1% to USD 2.7 trillion. Imports are expected to improve this year, with metal commodities likely being a top contributor following a full reopening of the economy. source: General Administration of Customs
Imports YoY in China averaged 14.65 percent from 1991 until 2022, reaching an all time high of 85.50 percent in January of 2010 and a record low of -43.10 percent in January of 2009. This page includes a chart with historical data for China Imports YoY. China Imports YoY - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.