Imports to China rose by 19.5 percent year-on-year to USD 246 billion in December 2021, missing market expectations of 26.3 percent and slowing from a 31.7 percent jump in November. This was the weakest growth in purchases in three months, as domestic demand softened following sporadic COVID-19 outbreaks. China's oil arrivals posted the first yoy growth since April as independent refiners tried to utilize the 2021 quota. For full year, purchases jumped 30.1% to USD 2.7 trillion, amid strong consumer spending following an acceleration in vaccinations with Chinese imports of American goods rising 33.1% to $179.5 billion. Coal imports for the year reached 323.2 million tonnes, the highest since 2013. In contrast, purchases of meat were at 9.38 million tonnes, down by 5.4% from 2020, amid a surge in the domestic supply of pork. source: General Administration of Customs
Imports YoY in China averaged 15.07 percent from 1991 until 2021, 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 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 |
|
|
19.50 |
31.70 |
85.50 |
-43.10 |
1991 - 2021 |
percent |
Monthly |
NSA
|
News Stream
China Import Growth Below Estimates
2022-01-14
China Import Growth Accelerates in November
2021-12-07
China Import Growth Below Forecasts
2021-11-07