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China Merchandise Imports

China Merchandise Imports

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.

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