Imports to China edged up 0.3% yoy to USD 235.53 billion in August of 2022, missing market estimates of 1.1% and slowing from a 2.3% growth in the prior month. The latest result marked the slowest growth in inbound shipments since a stagnation in April, as consumption eased following the recent wave of COVID infections and fresh curbs. China's imports of coal rose the most so far this year as power generators scrambled for additional fuel to meet surging electricity demand as heatwaves deepened, while purchases of crude oil, iron ore and soybeans all fell. Imports from Russia surged 59.3% yoy while those from the ASEAN countries grew by 25.1%. During the first eight months of the year, purchases grew by 4.6% from the same period in 2021. source: General Administration of Customs
Imports YoY in China averaged 14.86 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 October of 2022.
China Imports YoY
In 2019 imports to China fell 2.7 percent, the first yearly decline in three years, on weak domestic demand and persistent trade tensions with the US. Machinery and transport equipment accounted for 38 percent of total imports on the back of electrical machinery, apparatus and appliances (21 percent), road vehicles (4 percent), telecommunications and sound recording and reproducing apparatus and equipment (3 percent), and office machines and automatic data processing machines (3 percent). Other important categories were: mineral fuels, lubricants and related materials (17 percent) led by petroleum, petroleum products and related materials (13 percent) and gas, natural and manufactured (3 percent); crude materials, inedible, except fuels (14 percent), such as metalliferous ores and metal scrap (9 percent); chemicals and related products (11 percent) due to organic chemicals (3 percent) and plastics in primary forms (3 percent); miscellaneous manufactured articles (7 percent); manufactured goods classified chiefly by material (7 percent); and food and live animals (4 percent). The biggest source of imports was the EU (13 percent of imports) of which Germany (5 percent) and France (2 percent), followed by South Korea, Taiwan, Japan (8 percent each), the US and Australia (6 percent each), Brazil (4 percent), Malaysia, Vietnam, Russia and Saudi Arabia (3 percent each), and Thailand, Singapore and Indonesia (2 percent each).
|
Actual |
Previous |
Highest |
Lowest |
Dates |
Unit |
Frequency |
|
|
0.30 |
2.30 |
85.50 |
-43.10 |
1991 - 2022 |
percent |
Monthly |
NSA
|
News Stream
China Imports Rise Less than Expected
2022-09-07
China Imports Expand for 3rd Month
2022-08-07
China Imports Grow Less than Expected
2022-07-13