Top 5 Chinese Imports year 2018!
In ImexDBusiness we are interested that the public at the international level can find new business opportunities; locate suppliers or buyers, and analyze import and export trends.
We hope that professionals interested in international trade, imports and exports can make better decisions and obtain greater profits using detailed strategic information from each of the countries.
In this first post we will generate an analysis of total imports and exports within 12 countries that have evolved positively in recent years: Uzbekistan, Kazakhstan, Russia, Ukraine, Philippines, Indonesia, India, Mexico, Pakistan, Vietnam, China, and Brazil.
We hope that the information we will provide below will provide you with tools to understand the dynamics of the sectors that have the greatest representation within China.
Initial Thoughts!
Initially, total imports of all products in China for 2017 amounted to US $ 1843792939miles. For the 2018 period, the total reached was US $ 2134987265 thousand.
This first look shows that purchases made abroad by China had a growth rate equivalent to 0.15; or what is equivalent to US $ 291194326 thousand.
Among the products that have the greatest participation in the total imports from China, we must name crude oils of oil or bituminous ore; which, internationally, and based on the customs tariff, is codified under the tariff code ‘270900. This product for 2017 reached a total of imports equivalent to $ 163820667 thousands of US. We must present that for the year 2018 the total amount of crude oil or bituminous ore imported was US $ 239222367 thousand.
Based on this we must mention that Crude oils of oil or bituminous ore presented a percentage variation of 0.38, this includes a change in values of US $ 75401700 thousand.
A second product that has presented a high share of China’s total imports is integrated electronic circuits such as processors and controllers, without combination; which, at the international level, and based on the customs tariff, is codified under the tariff code ‘854231. This product for the year 2017 reached a total of imports equivalent to $ 113072762 thousands of US. We must present that by 2018 the total imported of integrated electronic circuits such as processors and controllers, without combination was $ 127430722 thousands of US
Based on this we must name that Integrated electronic circuits such as processors and controllers, without combination I present a percentage variation of 0.12, this includes a change in values of US $ 14357960 thousand.
Third, Integrated electronic circuits with memory has a high share of total imports from China. This product at an international level, and based on the customs tariff, is coded under the tariff code ‘854232. This product for 2017 reached a total of imports equivalent to US $ 88931945 thousand. We must present that by 2018 the total imported of integrated electronic circuits with memory was US $ 122972378 thousand.
Based on this, we must name that Integrated electronic circuits with memory presented a percentage variation of 0.32, this includes a change in values of US $ 34040433 thousand
Continuing within the Chinese industry; Iron ores and concentrates, without agglomerating, have a high share of total imports. This product internationally, and based on the customs tariff, is coded under the tariff code ‘260111. This product for the year 2017 reached a total of imports equivalent to US $ 74,604,641 thousand. We must present that by 2018 the total imported of iron ores and concentrates, without agglomerating, was 72674453.
Based on this, we must name that Iron Ores and their concentrates, without agglomerating, presented a percentage variation of -0.03, this includes a change in values of US $ -1930188 thousand.
Fifth, within the Chinese industry; Integrated electronic circuits have a high share of total imports. This product internationally, and based on the customs tariff, is coded under the tariff code ‘854239. This product for 2017 reached a total of imports equivalent to US $ 48833710 thousand. We must present that for the year 2018 the total imported of integrated electronic circuits was US $ 51691958 thousand.
Based on this we must mention that Integrated Electronic Circuits presented a percentage variation of 0.06, this includes a change in values of US $ 2858248 thousand.
In summary!
Total Chinese imports for the year 2018: US $ 2134987265 thousand
Total imports Crude oils of oil or bituminous ore for the year 2018: US $ 239222367 thousand
Total imports Integrated electronic circuits such as processors and controllers, without combination for the year 2018: US $ 127430722 thousand
Total imports Integrated electronic circuits with memory for the year 2018: US $ 122972378 thousand
Total imports of iron ores and concentrates, not agglomerated for 2018: $ 72674453 thousands of US dollars
Total imports Integrated electronic circuits for the year 2018: US $ 51691958 thousand
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