South Asia (IDA & IBRD) | 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
South Asia (IDA & IBRD)
Records
63
Source
South Asia (IDA & IBRD) | Imports of goods and services (current US$)
1960 4011920278.5972
1961 4020435555.2407
1962 4274319735.625
1963 4782972931.8958
1964 5383305226.4897
1965 5670699371.8045
1966 5491828771.2578
1967 5657196670.9066
1968 5134663146.4426
1969 5053863263.0991
1970 5540438153.6044
1971 5778773849.0273
1972 5326635287.88
1973 7021047890.1721
1974 10518607337.128
1975 12361747499.593
1976 12229381105.722
1977 13426492387.284
1978 16237006482.557
1979 21776447894.769
1980 29484407354.385
1981 29161808217.715
1982 29317274767.994
1983 29818488342.908
1984 29327381999.351
1985 31499802045.03
1986 30332166894.885
1987 32764506030.131
1988 37450281030.065
1989 40661366352.846
1990 44631144235.327
1991 40891672792.692
1992 47969247399.137
1993 50805135510.041
1994 56328118410.941
1995 71458217395.278
1996 76674829698.4
1997 81230706947.184
1998 83387838403.221
1999 91748901477.722
2000 99009853519.151
2001 99975402157.376
2002 111344728730.58
2003 132631584360.33
2004 184451536788.14
2005 243494381880
2006 302809844927.81
2007 384586702822.19
2008 453375971692.41
2009 440224024798.13
2010 551217960172.63
2011 692083538977.26
2012 704469528495.01
2013 661798271788.07
2014 670072282719.38
2015 607993389804.82
2016 620923215737.3
2017 742143173692.06
2018 828878172279.86
2019 784434406344.57
2020 664852110672.49
2021 944051355516.28
2022 1138424435477.3

South Asia (IDA & IBRD) | 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
South Asia (IDA & IBRD)
Records
63
Source