East Asia & Pacific (IDA & IBRD countries) | Imports of goods and services (current US$)

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. Data are in current U.S. dollars. 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
East Asia & Pacific (IDA & IBRD countries)
Records
63
Source
East Asia & Pacific (IDA & IBRD countries) | Imports of goods and services (current US$)
1960 5977827758.1247
1961 4726716222.2507
1962 4434202985.7706
1963 5012417393.343
1964 5534851916.4653
1965 6514671147.6096
1966 7158973306.5026
1967 7004468365.6091
1968 7360490392.5346
1969 7543897824.8391
1970 8628615477.4367
1971 8747590513.656
1972 10771149911.747
1973 16837771441.534
1974 26636762263.916
1975 27985442335.308
1976 28723742922.704
1977 33930858302.086
1978 43627992252.686
1979 57283829487.46
1980 74232274377.965
1981 85615658272.981
1982 83240557852.913
1983 87460430810.469
1984 88071435202.038
1985 96892671694.6
1986 89556354713.591
1987 99211627784.742
1988 127481491975.36
1989 139557693742.08
1990 153682607329.02
1991 179610290458.92
1992 211260806543.27
1993 258736287381.13
1994 309110900743.13
1995 389249083335.36
1996 427508984630.52
1997 431808192182.84
1998 356306864221.35
1999 396726026898.41
2000 503962303205.1
2001 512363260464.67
2002 582819919099.95
2003 726682653827.69
2004 945052989107.73
2005 1100185889236.3
2006 1288600033256.4
2007 1534951888682.5
2008 1853790537857.3
2009 1614931624653.9
2010 2183889531690
2011 2733645180825.5
2012 2910167478992.7
2013 3113508805268
2014 3232591260580.3
2015 2921991356545.6
2016 2866699196596.4
2017 3262191976027.3
2018 3763983265593.5
2019 3682287071333.6
2020 3414589457429.2
2021 4416840439936.4
2022 4671262309120.9

East Asia & Pacific (IDA & IBRD countries) | Imports of goods and services (current US$)

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. Data are in current U.S. dollars. 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
East Asia & Pacific (IDA & IBRD countries)
Records
63
Source