Imports to China jumped 38.1 percent year-on-year to an all-time high of USD 227.3 billion in March 2021, the fastest pace since February 2017 and compared with market consensus of a 23.3 percent rise, on higher commodity prices and improving domestic demand. Purchases were up for crude oil (20.8 percent), natural gas (26.1 percent), unwrought copper (25.0 percent), copper ore & concentrates (22.0 percent), iron ore (18.9 percent), steel products (16.3 percent), soybeans (81.6 percent), edible oil (66.1 percent), rubber (18.1 percent), and meat (11.4 percent). In contrast, coal imports were down 1.8 percent. Among major trade partners, purchases increased from ASEAN (38.4 percent), the EU (33.8 percent), Taiwan (40.6 percent), Japan (30.4 percent), South Korea (22.7 percent), the US (74.8 percent), and Australia (47.3 percent). source: General Administration of Customs
Imports in China averaged 592.12 USD HML from 1981 until 2021, reaching an all time high of 2273.36 USD HML in March of 2021 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 April of 2021.
Imports in China is expected to be 1750.00 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 2180.00 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.