Imports to China jumped 22.2% yoy to USD 365.62 billion in January-February 2021 combined, after a 6.5% rise in December, beating market consensus of a 15% increase. This was the fifth straight month of growth in inbound shipments, boosted by improving domestic demand in the wake of the COVID-19 crisis, continued fiscal stimulus, and higher commodity prices. Arrivals grew in terms of volume for iron ore (2.8%), steel (17.4%), unwrought copper and copper materials (4.7%), natural gas (17.4%), crude oil (4.1%), the primary form of plastics (8%), mechanical and electrical products (25.4%), and meat (27.6%). In contrast, imports fell for coal (-39.5%), refined oil (-19.4%), and soybean (-0.8%). Imports soared from the US (66.3%), Japan (26%), South Korea (21.7%), Taiwan (41.2%), the ASEAN countries (29.6%), and the EU (32.3%), source: General Administration of Customs
Imports in China averaged 588.48 USD HML from 1981 until 2021, reaching an all time high of 2037.54 USD HML in December 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 March of 2021.
Imports in China is expected to be 1700.00 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 2100.00 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.