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Annual growth rate of imported goods into China 2008-2018

China: annual change of goods imports from 2008 to 2018

by Agne Blazyte, last edited Sep 23, 2019
Annual growth rate of imported goods into China 2008-2018 The statistic shows the growth of the import of goods into China from 2008 to 2018. In 2018, goods imports to China had increased by about 12.9 percent compared to the previous year.
Goods import to China – additional information

In 2014, goods worth around 1.96 trillion U.S. dollars had been imported to China. As shown in the graph above, there has been a gradual rise in imports over the last decade. China’s imports of goods and services had made up 18.92 percent of its GDP in 2014. Among the country’s major imports were machinery, fossil fuels and non-edible commodities.

In 2013, China had been the world’s third largest merchandise importer after the United States and the European Union, with a value amounting to approximately two trillion U.S. dollars and a worldwide import share of 15.4 percent.

As a significant economic indicator, the balance of trade refers to the difference between the monetary values of exported goods subtracted by the value of imported goods. In 2014, China’s trade surplus had reached nearly 382 billion U.S. dollars, hitting a new record high since 2009.

The European Union was the most important trade partner of China in 2013, accounting for 13 percent of Chinese imports. Since 2007, there has been a significant increase in the trade volume between the EU and China. By 2013, China imports from the EU had reached 148 billion euros worth of goods, among which 84.8 percent were manufactured goods, mainly focused on machinery, transport equipment, and chemicals.
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China: annual change of goods imports from 2008 to 2018

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