Latest reading: Merchandise exports climbed 4.8% on an annual basis in May, on the heels of April’s 8.1% rise and...
Merchandise Imports in China
In the year 2024, the merchandise imports in China was USD 2585 billion, compared to USD 1959 billion in 2014 and USD 2557 billion in 2023. It averaged USD 2171 billion over the last decade. For more imports information, visit our dedicated page.
China Merchandise Imports Chart
Note: This chart displays Imports (USD billion) for China from 2024 to 2023.
Source: Macrobond.
China Merchandise Imports Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Merchandise Imports (USD bn) | 2,078 | 2,066 | 2,687 | 2,707 | 2,557 |
| Merchandise Imports (ann. var. %) | -2.7 | -0.6 | 30.0 | 0.7 | -5.5 |
Merchandise exports rise at a faster pace in October
Latest reading: Merchandise exports jumped 12.7% on an annual basis in October (September: +2.4% year-on-year). October’s figure marked the strongest growth since July 2022 and was more than double market expectations. Sales rose to all major trading partners. Reduced weather-led disruptions and frontloading ahead of U.S. and EU tariffs could have been behind the sharp rise in exports. Meanwhile, merchandise imports fell 2.3% over the same month last year in October (September: +0.3% yoy). As a result, the merchandise trade balance improved from the previous month, recording a USD 95.7 billion surplus in October (September 2024: USD 81.7 billion surplus; October 2023: USD 55.9 billion surplus). Lastly, the trend pointed up, with the 12-month trailing merchandise trade balance recording a USD 929.0 billion surplus in October, compared to the USD 889.2 billion surplus in September.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Chinese merchandise imports projections for the next ten years from a panel of 11 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable merchandise imports forecast available for Chinese merchandise imports.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Chinese merchandise imports projections.
Want to get access to the full dataset of Chinese merchandise imports forecasts? Send an email to info@focus-economics.com.
Latest Global Trade News
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China: Merchandise exports grow at a milder pace in May -
Taiwan: Merchandise exports accelerate in May Latest reading: Merchandise exports shot up 38.6% year-on-year in May (April: +29.9% year-on-year). May’s result marked the fastest expansion since... -
Germany: Merchandise exports fall in April as boost from front-loading ahead of U.S. tariff hikes fades Latest reading: Merchandise exports shrank 1.7% month on month in seasonally adjusted terms in April, contrasting March’s 1.2% rise and... -
Philippines: Merchandise exports rise at a softer pace in April Latest reading: Merchandise exports rose 7.0% on an annual basis in April, following March’s 8.7% increase. Meanwhile, merchandise imports fell... -
Thailand: Merchandise exports rise at a more moderate rate in April Latest reading: Merchandise exports rose 9.8% over the same month last year in April, on the heels of March’s 17.8%... -
Indonesia: Merchandise exports grow at a slower pace in March Latest reading: Merchandise exports increased 0.6% over the same month last year in March (February: +13.7% year-on-year). March’s outturn marked... -
Mexico: Merchandise exports increase in April Latest reading: Merchandise exports rose 5.8% in annual terms in April, following March’s 9.6% increase, amid higher mining and manufactured...