China | Imports of goods and services (% of GDP)
Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
People's Republic of China
Records
63
Source
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China | Imports of goods and services (% of GDP)
4.42827019 1960
3.48941005 1961
2.9082774 1962
2.85988945 1963
2.86414042 1964
3.18915802 1965
3.23502939 1966
2.97625683 1967
2.91841064 1968
2.40546326 1969
2.46085011 1970
2.13276894 1971
2.50744397 1972
3.75879835 1973
5.40368497 1974
4.84948182 1975
4.32644047 1976
4.08615385 1977
5.09418739 1978
5.92373477 1979
6.51323639 1980
7.44960399 1981
6.26499769 1982
6.36107437 1983
7.87633298 1984
12.3621618 1985
11.17836701 1986
10.32801845 1987
12.01062681 1988
10.10736203 1989
9.74787071 1990
10.62996355 1991
12.54203293 1992
13.9025469 1993
17.23306642 1994
16.32444624 1995
15.89144991 1996
15.0398529 1997
14.08220459 1998
15.361685 1999
18.51731765 2000
18.21521353 2001
20.10265796 2002
24.82323147 2003
28.44418664 2004
28.3780353 2005
28.44385835 2006
26.75856495 2007
25.01000133 2008
20.43501444 2009
23.53174494 2010
24.17271524 2011
22.77500014 2012
22.14512114 2013
21.39515505 2014
18.11008945 2015
17.31003496 2016
17.94013625 2017
18.45368057 2018
17.48010372 2019
16.1681565 2020
17.35801704 2021
17.46681629 2022
China | Imports of goods and services (% of GDP)
Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments. Limitations and exceptions: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data. Although the data from the payments side provide reasonably reliable records of cross-border transactions, they may not adhere strictly to the appropriate definitions of valuation and timing used in the balance of payments or corresponds to the change-of ownership criterion. This issue has assumed greater significance with the increasing globalization of international business. Neither customs nor balance of payments data usually capture the illegal transactions that occur in many countries. Goods carried by travelers across borders in legal but unreported shuttle trade may further distort trade statistics. Statistical concept and methodology: Gross domestic product (GDP) from the expenditure side is made up of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. Such expenditures are recorded in purchaser prices and include net taxes on products.
Publisher
The World Bank
Origin
People's Republic of China
Records
63
Source
Create chart Download showed records Download Full dataset