Imports to China jumped 43.1 percent year-on-year USD 221.07 billion in April 2021, compared with market consensus of 42.5 percent, and after a 38.1 percent growth a month earlier. This was the fastest growth in inbound shipments since January 2011, amid strengthening domestic demand and surging commodity prices. Purchases rose for natural gas (31.25 percent), unwrought copper (5.41 percent), iron ore (2.98 percent), steel products (16.24 percent), soybeans (11 percent), edible oil (47.74 percent), rubber (15.63 percent), and meat (6.96 percent). In contrast, imports fell for crude oil (-0.18%), copper ores & concentrates (-5.37%), and unwrought aluminium and products (-0.62%), and coal (-29.78%). Imports from major trading partners rose: Japan (25.2%), South Korea (29.5%), Taiwan (25.5%), the US (51.7%), ASEAN (40.6%), and the EU (43.3%). source: General Administration of Customs
Imports in China averaged 595.46 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 May 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.