Asia Import Data – A Market Report on Asia’s Top Import Countries
24 January 2020
Asia is the largest
continent area, population and imports as well. According to Asia trade data, Asian countries accounted
38.2% value to global imports in 2018, which rose about 1% as compared to the
previous year. Data available with Export Genius shows that Asian countries
purchased commodities valued US$ 7,520.7 billion in the said year. Let’s have a
larger view of Asian imports with key focus on top 10 importer countries in
Asia.
Where
Does Asia Stood in Continents by Imports in 2018?
With no doubt, Asia stood at
top position in global imports in 2018, followed by Europe, North America,
South America, Africa and Oceania. Countries in Asia imported goods valued US$
7,520.7 billion. Check import values of these continents.
Continent |
Value in US$ Billion |
Asia |
7,520.7 |
Europe |
7,026.9 |
North
America |
3,536.4 |
South
America |
1,122.1 |
Africa |
576.6 |
Oceania |
298.1 |
At 6-digit level, Asia’s main import commodities are crude petroleum oil, electronic integrated circuits, gold, medium oils & preparations, liquefied natural gas, mobile phones, light oils & preparations, motor cars and bituminous coal.
Top
10 Asian Countries by Imports
Asia contributed 38.2% value to global imports in 2018. Since 2015, Asian countries have been recording a decline in the value, however 2018 recorded an increase. Value of total imports recorded US$ 7,111.2 billion in 2014, US$ 6,201.8 billion in 2015, US$ 5,895.1 billion in 2016, US$ 6,719.8 billion in 2017 and US$ 7,520.7 billion in 2018. Have a quick look at percentage share of Asia’s imports to the value of world’s imports.
Asia’s top 10 importer countries are China, Japan, Hong Kong, South Korea, India, Singapore, Taipei, United Arab Emirates, Thailand and Vietnam. Let’s have a look import values of these Asian countries with their major import commodities and import partners.
1. China
China is the largest country
in Asian continent, which shared 10.9%b value to total 38.2% of Asia’s imports
in 2018. As per China import data,
the country purchased goods worth US$ 2,134.9 billion. China’s major import
products are crude petroleum oil, integrated circuits, iron ores, gold, yellow
soya beans, parts of wireless handsets, copper ores and liquefied natural gas. China’s
top import partners are South Korea, Japan, Taipei, United States, Germany,
Australia and Brazil. Subscribe China trade data now to access more statistics.
2. Japan
In terms of imports, Japan is the second largest country in the Asian continent. It shared 3.8% to total value of Asia’s imports. According to Japan import data, the country purchased goods valued US$ 748.3 billion in 2018. Major import commodities of Japan are crude petroleum oil, liquefied natural gas, mobile phones, bituminous coal, light oils & preparations, copper ores, iron ores, electronic integrated circuits and portable automatic data processing machines. Top import partners of Japan are China, United States, Australia, Saudi Arabia, South Korea, United Arab Emirates, Taipei and Germany. Get Japan trade data to view shipment details.
3. Hong Kong
Hong Kong recorded share in
value of 3.2% in 2018. It purchased goods worth US$ 627.3 billion. Main import
products of Hong Kong are electronic integrated circuits, mobile phones, parts
& accessories of automatic data processing machines and gold. Hong Kong’s
top import partners are China, Taipei, Singapore, South Korea, Japan, United
States, Malaysia, Switzerland and Thailand.
4. South Korea
According to South Korea import data, the country
purchased goods valued US$ 535.1 billion in 2018, which shared 2.7% to Asia’s
total imports of 38.2%. South Korea’s main imports are crude petroleum oil,
liquefied natural gas, electronic integrated circuits, parts of telephone sets,
medium oils & preparations and motor cars. And South Korea top import
partners are China, United States, Japan, Saudi Arabia, Germany, Australia,
Vietnam, Russia, Taipei, Qatar and Kuwait.
5. India
India’s imports valued US$
507.5 billion in 2018, which shared 2.6% value to total Asia’s imports. According
to India import data, the country
ranked 10 in global imports in the said year. India’s top imports are crude
petroleum oil, gold, non-industrial diamonds, coal, liquefied natural gas,
mobile phones and palm oil. India’s main import partners are China, United
States, Saudi Arabia, United Arab Emirates, Iraq, Switzerland, South Korea and
Indonesia. Subscribe India trade data to access complete shipment details.
6. Singapore
Singapore is the sixth
largest country by imports in the Asian continent. It shared 1.9% to total
value of imports of countries in Asia. In 2018, Singapore’s total import
shipments valued US$ 370.4 billion. Country’s main imports are electronic
integrated circuits, fuel oils, crude petroleum oil, semi manufactured gold,
memories, parts of turbo jets and mobile phones. Top import partners of
Singapore are China, Malaysia, United States, Taipei, Japan, Indonesia, South
Korea and Saudi Arabia.
7. Taipei
Taipei’s total imports
valued US$ 286.4 billion, which shared 1.5% value to total Asia’s imports in
2018. It’s major import commodities are liquefied natural gas, bituminous coal,
chips of other monolithic digital integrated circuits and naphtha, mineral.
Taipei’s main import partners are China, Japan, United States, South Korea,
Germany, Australia, Malaysia, Saudi Arabia and Singapore.
8. United Arab Emirates
The value of shipments which
entered into the UAE recorded US$ 261.5 billion in 2018. UAE major imports are
gold, mobile phones, light oils & preparations, motor cars, diamonds and
aeroplanes. UAE’s top import partners are China, India, United States, Japan,
Germany, United Kingdom, Vietnam and Saudi Arabia.
9. Thailand
Thailand’s imports accounted
1.3% to total value of shipments in Asian continent. In 2018, country imported
goods worth US$ 250.8 billion, Thailand
import data reveals. Main imports of Thailand are crude petroleum oil,
gold, electronic integrated circuits, mobile phones and articles of iron &
steel. Thailand’s main import partners are China, Japan, United States,
Malaysia, United Arab Emirates, South Korea, Taipei, Indonesia and Singapore.
10. Vietnam
According to Vietnam import data, the country
recorded US$ 236.8 billion value of total goods imported from the country in
2018. It shared 1.2% to total Asian imports. Vietnam’s largest import
commodities are medium oils & preparations, electronic integrated circuits,
light oils & preparations, gold, parts of telephone sets and cotton.
Vietnam’s main import partners are China, South Korea, Japan, Taipei, United
States, Thailand, Malaysia, Indonesia and Singapore. Subscribe Vietnam trade
data to get shipment details with company names.
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