Imports to China rose by 4.7 percent year-on-year to USD 178.74 billion in October 2020, after a 13.2 percent surge a month earlier and less than market estimates of a 9.5 percent increase. This was the second straight month of growth in inbound shipments, as domestic demand recovery from the COVID-19 shocks continued. Purchases of unwrought copper and copper products jumped 43.4 percent yoy to 618,108 tonnes. Also, imports of iron ore grew 14.9% to 106.74 million tonnes, with arrivals from both Brazil and South Africa increasing. In addition, purchases of soybean soared 41% to 8.69 million, due to rising cargoes from Brazil and the US. In contrast, imports of crude oil fell 6.7% to 42.56 million tonnes. source: General Administration of Customs
Imports in China averaged 577.56 USD HML from 1981 until 2020, reaching an all time high of 2027.59 USD HML in September 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 November of 2020.
Imports in China is expected to be 1740.00 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 1800.00 in 12 months time. In the long-term, the China Imports is projected to trend around 1900.00 USD HML in 2021 and 1920.00 USD HML in 2022, according to our econometric models.