Low & middle income | Merchandise imports (current US$)

Merchandise imports show the c.i.f. value of goods received from the rest of the world valued in current U.S. dollars. Limitations and exceptions: The value of imports is generally recorded as the cost of the goods when purchased by the importer plus the cost of transport and insurance to the frontier of the importing country - the cost, insurance, and freight (c.i.f.) value, corresponding to the landed cost at the point of entry of foreign goods into the country. A few countries collect import data on a free on board (f.o.b.) basis and adjust them for freight and insurance costs. Countries may report trade according to the general or special system of trade. Under the general system imports include goods imported for domestic consumption and imports into bonded warehouses and free trade zones. Under the special system imports comprise goods imported for domestic consumption (including transformation and repair) and withdrawals for domestic consumption from bonded warehouses and free trade zones. Goods transported through a country en route to another are excluded. Data on imports of goods are derived from the same sources as data on exports. In principle, world exports and imports should be identical. Similarly, exports from an economy should equal the sum of imports by the rest of the world from that economy. But differences in timing and definitions result in discrepancies in reported values at all levels. Statistical concept and methodology: Merchandise trade data are from customs reports of goods moving into or out of an economy or from reports of financial transactions related to merchandise trade recorded in the balance of payments. Because of differences in timing and definitions, trade flow estimates from customs reports and balance of payments may differ. Several international agencies process trade data, each correcting unreported or misreported data, leading to other differences. The data on total imports of goods (merchandise) are from the World Trade Organization (WTO), which obtains data from national statistical offices and the IMF's International Financial Statistics, supplemented by the Comtrade database and publications or databases of regional organizations, specialized agencies, economic groups, and private sources (such as Eurostat, the Food and Agriculture Organization, and country reports of the Economist Intelligence Unit). Country websites and email contact have improved collection of up-to-date statistics, reducing the proportion of estimates. The WTO database now covers most major traders in Africa, Asia, and Latin America, which together with high-income countries account for nearly 95 percent of world trade. Reliability of data for countries in Europe and Central Asia has also improved.
Publisher
The World Bank
Origin
Low & middle income
Records
63
Source
Low & middle income | Merchandise imports (current US$)
1960 31198842080.927
1961 30825737806.592
1962 29906711020.422
1963 31880959097.81
1964 35904991700.765
1965 37745360751.616
1966 40847467536.021
1967 41465133505.676
1968 43125254308.877
1969 45911639640.391
1970 51807020224.372
1971 57875760587.941
1972 64755044026.931
1973 88153115237.797
1974 141824504162.13
1975 171734832454.56
1976 172068328985.13
1977 195998406566.19
1978 227648815395.66
1979 263023268816.46
1980 369131882633.64
1981 414262078149.38
1982 372114182897.75
1983 349750865349.98
1984 351645013840.38
1985 348166975009.93
1986 346761820343.47
1987 376564588757.38
1988 443453323252.45
1989 484148240637.44
1990 513013109604.9
1991 551900112613.79
1992 622764741515.94
1993 679720966955.19
1994 777214340651.5
1995 934115886064.21
1996 1015358122793.3
1997 1085992897029.2
1998 1016813574697.5
1999 1026321384817
2000 1220668562981.9
2001 1224358597207.2
2002 1309396700883.2
2003 1575795803822.2
2004 2041703258052.9
2005 2452597390510.7
2006 2901086227168.8
2007 3521233108111.9
2008 4371155814218.9
2009 3500053820006.8
2010 4573699550563.5
2011 5670003429760.8
2012 5926199223721.2
2013 6149342735364.3
2014 6107581719072.3
2015 5249237027541.9
2016 4946223015566.3
2017 5693429583262.7
2018 6397013274318.2
2019 6256945630555.1
2020 5697564377058.6
2021 7497829333003.4
2022 8385893982302.2

Low & middle income | Merchandise imports (current US$)

Merchandise imports show the c.i.f. value of goods received from the rest of the world valued in current U.S. dollars. Limitations and exceptions: The value of imports is generally recorded as the cost of the goods when purchased by the importer plus the cost of transport and insurance to the frontier of the importing country - the cost, insurance, and freight (c.i.f.) value, corresponding to the landed cost at the point of entry of foreign goods into the country. A few countries collect import data on a free on board (f.o.b.) basis and adjust them for freight and insurance costs. Countries may report trade according to the general or special system of trade. Under the general system imports include goods imported for domestic consumption and imports into bonded warehouses and free trade zones. Under the special system imports comprise goods imported for domestic consumption (including transformation and repair) and withdrawals for domestic consumption from bonded warehouses and free trade zones. Goods transported through a country en route to another are excluded. Data on imports of goods are derived from the same sources as data on exports. In principle, world exports and imports should be identical. Similarly, exports from an economy should equal the sum of imports by the rest of the world from that economy. But differences in timing and definitions result in discrepancies in reported values at all levels. Statistical concept and methodology: Merchandise trade data are from customs reports of goods moving into or out of an economy or from reports of financial transactions related to merchandise trade recorded in the balance of payments. Because of differences in timing and definitions, trade flow estimates from customs reports and balance of payments may differ. Several international agencies process trade data, each correcting unreported or misreported data, leading to other differences. The data on total imports of goods (merchandise) are from the World Trade Organization (WTO), which obtains data from national statistical offices and the IMF's International Financial Statistics, supplemented by the Comtrade database and publications or databases of regional organizations, specialized agencies, economic groups, and private sources (such as Eurostat, the Food and Agriculture Organization, and country reports of the Economist Intelligence Unit). Country websites and email contact have improved collection of up-to-date statistics, reducing the proportion of estimates. The WTO database now covers most major traders in Africa, Asia, and Latin America, which together with high-income countries account for nearly 95 percent of world trade. Reliability of data for countries in Europe and Central Asia has also improved.
Publisher
The World Bank
Origin
Low & middle income
Records
63
Source