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Global Import Trade Data of top 10 Importing Countries of the world

Global trade or international trade is the import and export of commodities and services. Trading globally allows consumers and countries to use goods/services unavailable in their own country or would be produced at higher costs. Global trade helps to increase the global standard of living as countries focus on their core competencies and import goods that would be costly to manufacture domestically. Raw materials and natural resources can be exported to countries with fewer natural resources. International trade can reduce war between countries. With the reduction in trade barriers and technology, the potential of global trade has improved exponentially.

Global Trade data is an invaluable tool to help global businesses and traders to make their business plans. The data reflects the global impact changes in economic and industrial policy. According to global import data in 2018 19.5 trillion USD was exported all over the world. China was the largest exporter responsible for 13% of exports around the world. Trade data includes both imports and exports and can be classified by – country, commodity, year, etc.

USA Import Data

USA imported 2.568 trillion USD of commodities around the world in 2019. The US import data shows that the import of goods increased by 9.5 billion USD in June 2020 to touch 208.9 billion USD. USA imports dropped to a low of 199.1 billion dollars in May 2020 due to a fall in domestic demand.

USA import data indicated the major imported products in 2019 are:-

· Machinery including computers (379 billion USD)

· Electrical machinery, equipment (352.3 billion USD)

· Vehicles (310.1 billion USD)

· Mineral fuels including oil (210.1 billion USD)

· Pharmaceuticals (128.2 billion USD)

The pharmaceutical sector showed the fastest growth in the top 5 imported products, a jump of 10.6% from 2018. Vehicles registered a 1.2% growth in imports.

Top importers in the USA are:-

• Wal-Mart

• Target

• Home Depot

• Lowe’s

• Ashley Furniture

China Import Data

China imported 2.069 trillion USD worth of goods from around the world in 2019. The trade data indicate that imports were 175.3 billion USD in July 2020. The imports showed a massive decline of 14.2% to 154.94 billion USD in April 2020. This was the sharpest drop since January 2016 due to a drop in domestic demand.

According to China’s import data, the major imported products are:-

• Electrical machinery, equipment (496.8 billion USD)

• Mineral fuels including oil (343.6 billion USD)

• Machinery including computers (190.3 billion USD)

• Ores, slag, ash (163.6 billion USD)

• Optical, technical, medical apparatus (98.7 billion USD)

The trade data revealed that China’s top 5 imports showed that 44.5% of total imports. Imported ores, slag, and ash showed an increase of 20.4% from the previous year.

Top importers in China are:-

• Swift Warehouse Co Ltd.

• Tianjin Port Donggang Logistics Co. Ltd.

• Shanghai Dong-Zhan International Trade Co. Ltd.

• Yantai Risen Import&Export Co. Ltd.

• Shanghai Megahoo International Trade Co., Ltd.

Indonesia Import Data

Indonesia imported approximately 156.4 billion USD of goods in 2019. The Indonesia import data showed that the imports fell sharply by 32.25 in July 2020 when compared to the imports in July 2019. The goods imported in July 2020 were 10.47 billion USD. The sharpest decline since 2009 was witnessed in May 2020 when 8.44 billion USD was imported.

Indonesia import data revealed the major Indonesia imported products are:-

• Machinery including computers (26 billion USD)

• Electrical machinery, equipment (19.9 billion USD)

• Mineral fuels including oil (15.9 billion USD)

• Plastics, plastic articles (7.9 billion USD)

• Iron, steel (7.3 billion USD)

Iron and steel machinery showed a healthy growth of 6.4% in 2019. While mineral fuel showed a sharp drop of 49.4% and iron and steel showed a 28.7% drop.

The top importers of Indonesia are:-

• P.T. Nagasse Impor-Ekspor Indonesia

• Tip Top Interior Decorator & Exporator-Importer

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• Vener Products Indonesia

• Jasa Import Seluruh Negara

• P.T. Ramos Proexim Indonesia

Vietnam Import Data

According to Vietnam import data, the total import of goods in 2019 was 263.3 billion USD. The trade data showed imports in May 2020 fell to 18.18 billion USD it showed a moderate recovery to 23 billion USD in July 2020.

The major imported products of Vietnam are:-

• Electrical machinery, equipment ( 77.8 billion USD)

• Machinery including computers (26.8 billion USD)

• Plastics, plastic articles (14.6 billion USD)

• Mineral fuels including oil (11.2 billion USD)

• Iron, steel (10.5 billion USD)

The import data showed mineral fuel saw a steep drop of 25.6% in 2019.

Some of the top importers of Vietnam are:-

• Atlantic Co. Ltd

• Bowker (Vietnam) Garment Co. Ltd.

• Chi Nyuen Co. Ltd.

• D & F Viet Nam Co. Ltd.

• Diva & SJ Co. Ltd.

Mexico Import Data

The Mexico import data in 2019 showed Mexico imported 467.3 billion USD worth of commodities. The import data revealed that imports in July 2020 were 29,864 million USD due to a fall in demand. The imports showed the steepest drop in 21,594 million USD in April 2019. The top imported products are:-

• Electrical machinery, equipment (94.8 billion USD)

• Machinery including computers (77.3 billion USD)

• Vehicles (50.2 billion USD)

• Mineral fuels including oil (40.9 billion USD)

• Plastics, plastic articles (24.6 billion USD)

Analysis of import data 2019 showed that vehicles showed a 16.7% growth.

Some of the top importers in Mexico are:-

• Mex-Conex 2015 International Importers S.A. DE C.V.

• Mexico To You Imports

• Lopezardi Mexico Custom Brokers

• Mineral fuels including oil (343.6 billion USD)

• Machinery including computers (190.3 billion USD)

• Ores, slag, ash (163.6 billion USD)

• Optical, technical, medical apparatus (98.7 billion USD)

The trade data revealed that China’s top 5 imports showed that 44.5% of total imports. Imported ores, slag, and ash showed an increase of 20.4% from the previous year.

Top importers in China are:-

• Swift Warehouse Co Ltd.

• Tianjin Port Donggang Logistics Co. Ltd.

• Shanghai Dong-Zhan International Trade Co. Ltd.

• Yantai Risen Import&Export Co. Ltd.

• Shanghai Megahoo International Trade Co., Ltd.

Indonesia Import Data

Indonesia import data revealed the major Indonesia imported products are:-

• Machinery including computers (26 billion USD)

• Electrical machinery, equipment (19.9 billion USD)

• Mineral fuels including oil (15.9 billion USD)

• Plastics, plastic articles (7.9 billion USD)

• Iron, steel (7.3 billion USD)

Iron and steel machinery showed a healthy growth of 6.4% in 2019. While mineral fuel showed a sharp drop of 49.4% and iron and steel showed a 28.7% drop.

The top importers of Indonesia are:-

• P.T. Nagasse Impor-Ekspor Indonesia

• Tip Top Interior Decorator & Exporator-Importer

• Cuevas Imports

• Diana Imports

Russia Import Data

Russia imported 243.8 billion USD worth of goods in 2019. Russia import data showed that Russia imported 18.9 billion USD in June 2020. The lowest imports were seen in Jan 2020 when the import figure was 17.1 billion USD.

Russia import data showed the main imported products in 2019 are:-

• Machinery including computers (43.2 billion USD)

• Electrical machinery, equipment (29.8 billion USD)

• Vehicles (23.7 billion USD)

• Pharmaceuticals (14.1 billion USD)

• Plastics, plastic articles (9.8 billion USD)

Pharmaceuticals were the fastest growing sector in 2019. Machinery including computers and electrical machinery showed a marginal drop of 0.8 and 0.5% respectively.

Some of the top importers in Russia are:-

• Prosto Petro Group

• Baltfruit

• Centrum Steel

• The Network of International Experts Souzconsalt

• Lyukayt-imports

Sri Lanka Import Data

Sri Lanka imported approximately 15.9 billion USD worth of goods from around the world. Sri Lanka import data showed that Sri Lanka recorded 1.1 billion USD of imports in June 2020. Data showed the maximum imports was recorded in Dec 2017 when imports touched 2.0 billion USD.

The Sri Lanka import data showed the major imported products are:-

• Mineral fuels including oil (2 billion USD)

• Machinery including computers (1.4 billion USD)

• Electrical machinery, equipment (1.3 billion USD)

• Vehicles (1.1 billion USD)

• Knit or crochet fabric (800.3 million USD)

In the top 5 imports, most imports showed a decline in imports when compared to the previous year. The steepest decline in imports was in vehicles that saw a decline of 42.7%.

Some of the top importers in Sri Lanka are:-

• Golden Lanka Imports

• Sun Choice Imports

• Carnival Suppliers In Sri Lanka

• Anbu Brothers Pvt. Ltd.

• RS Importers

Kenya Import Data

According to the Kenya Import data, Kenya imported 14 billion USD of goods in 2019. The trade data showed that Kenya imported 119758 million KES in April 2020.

The major imported products in 2019 are-

• Machinery including computers (1.4 billion USD)

• Electrical machinery, equipment (1.3 billion USD)

• Vehicles (1.2 billion USD)

• Mineral fuels including oil (1.1 billion USD)

• Iron, steel (878.2 million USD)

The data for 2019 Electrical machinery and equipment showed an increase of 5.1% in imports. While Iron and steel also showed a 2.1% growth in imports. Mineral fuel showed a massive decline of 67.2% in imports in 2019.

The top importers in Kenya are:-

• Brand Tribel Imports & Exports Company.

• Ex. UK Car importers

• Kapu Limited

• Intertek Nairobi GTS

• Domaine Kenya Ltd.

Pakistan Import Data

Pakistan imported approximately 37.3 billion USD in 2019. Pakistan import data showed imports in 2018 were 60.8 billion USD. Experts expect that imports will remain below 50 billion dollars in 2020.

The major products imported to Pakistan in 2019 are:-

• Machinery including computers (5 billion USD)

• Electrical machinery, equipment (4.6 billion USD)

• Iron, steel (2.3 billion USD)

• Mineral fuels including oil (2.2 billion USD)

• Organic chemicals (2 billion USD)

Pakistan import data revealed that in 2019 import of electrical machinery and equipment saw a 5.5% growth.

Some of the top importers of Pakistan are:-

• Pakistan Chain Centre

• Alibizco Showroom

• Mast Qalander Group Pakistan

• HAQ Impex

• Habibullah Paracha & Company.

UK Import Data

UK imported 692.6 billion USD worth of goods in 2019. The UK import data in June 2020 showed a 21.9 % jump from May 2020 to 45.95 billion GBP. This was the first increase in seven months due to a fall in domestic demand due to the Covid-19 lockdown.

The major products imported by the UK are:-

• Gems, precious metals (89.2 billion USD)

• Machinery including computers (84.2 billion USD)

• Vehicles (74.8 billion USD)

• Electrical machinery, equipment (61.7 billion USD)

• Mineral fuels including oil (56.1 billion USD)

The UK import data, gems, and precious metals showed growth of 122.2% due to an increase in gold prices. Imports of mineral fuel fell by 16.5%.

The top importers in the UK are:-

• LMJ Importers

• J& E importers

• Lamex Food Group

• Cathay Importers

• Xiamen Imports and Exports.

Seair Exim Solutions is a leading export import data provider company in India. It offers updated, 100% genuine, and reliable global import export trade data of more than 80 countries of the world such as India, USA, Russia, Kenya, Mexico, Indonesia, Sri Lanka, Vietnam, Pakistan etc. Our major services are USA imports data, Indian import data, India export data, import data Indonesia, Vietnam export data, Russia customs data, Mexico trade data, Kenya shipment data etc. You can find various free resources related to import export business like HS code list, HS code search, HS code Finder, sac code list, sac code finder, custom duty in India, custom duty calculator, foreign ports, trading partners of India, GST rates in India, GST rates list and many more on our website – seair.co.in.