Imports of goods and services (BoP, current US$) - Country Ranking

Definition: Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, nonmonetary gold, and services. Data are in current U.S. dollars.

Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 United States 2,712,870,000,000.00 2016
2 China 1,948,010,000,000.00 2016
3 Germany 1,326,320,000,000.00 2016
4 United Kingdom 797,565,000,000.00 2016
5 France 772,064,000,000.00 2016
6 Japan 768,280,000,000.00 2016
7 Hong Kong SAR, China 594,506,000,000.00 2016
8 Netherlands 555,322,000,000.00 2016
9 Canada 511,050,000,000.00 2016
10 Korea 501,767,000,000.00 2016
11 Italy 491,393,000,000.00 2016
12 India 472,013,000,000.00 2016
13 Singapore 434,375,000,000.00 2016
14 Mexico 420,918,000,000.00 2016
15 Belgium 381,556,000,000.00 2016
16 Spain 370,414,000,000.00 2016
17 Switzerland 365,892,000,000.00 2016
18 Ireland 283,927,000,000.00 2016
19 Russia 265,969,000,000.00 2016
20 Australia 254,709,000,000.00 2016
21 Poland 227,307,000,000.00 2016
22 Thailand 221,172,000,000.00 2016
23 Turkey 213,256,000,000.00 2016
24 Brazil 203,163,000,000.00 2016
25 Sweden 201,225,000,000.00 2016
26 Saudi Arabia 199,483,000,000.00 2016
27 Austria 191,300,000,000.00 2016
28 Malaysia 180,826,000,000.00 2016
29 Vietnam 180,269,000,000.00 2016
30 Indonesia 159,340,000,000.00 2016
31 Denmark 145,452,000,000.00 2016
32 Czech Republic 140,597,000,000.00 2016
33 Norway 123,088,000,000.00 2016
34 Philippines 102,504,000,000.00 2016
35 Hungary 99,971,810,000.00 2016
36 Luxembourg 92,629,610,000.00 2016
37 Israel 89,489,200,000.00 2016
38 South Africa 89,256,490,000.00 2016
39 Finland 86,026,280,000.00 2016
40 Slovak Republic 80,460,210,000.00 2016
41 Romania 79,394,420,000.00 2016
42 Portugal 79,385,950,000.00 2016
43 Argentina 74,199,020,000.00 2016
44 Chile 67,978,960,000.00 2016
45 Egypt 66,677,300,000.00 2016
46 Qatar 63,475,270,000.00 2016
47 Algeria 60,193,850,000.00 2016
48 Greece 56,150,400,000.00 2016
49 Colombia 54,409,740,000.00 2016
50 Kuwait 52,904,380,000.00 2016
51 Pakistan 51,599,000,000.00 2016
52 Ukraine 51,478,000,000.00 2016
53 Bangladesh 48,133,720,000.00 2016
54 New Zealand 47,515,460,000.00 2016
55 Nigeria 46,849,460,000.00 2016
56 Morocco 45,197,870,000.00 2016
57 Peru 43,202,560,000.00 2016
58 Libya 42,521,000,000.00 2013
59 Kazakhstan 39,132,160,000.00 2016
60 Bulgaria 31,619,360,000.00 2016
61 Lithuania 31,296,080,000.00 2016
62 Oman 31,232,210,000.00 2016
63 Slovenia 30,628,760,000.00 2016
64 Lebanon 30,555,040,000.00 2016
65 Belarus 29,994,900,000.00 2016
66 Iraq 29,612,000,000.00 2016
67 Venezuela 25,810,000,000.00 2016
68 Angola 25,657,030,000.00 2016
69 Panama 25,040,000,000.00 2016
70 Croatia 23,698,590,000.00 2016
71 Sri Lanka 23,658,950,000.00 2016
72 Serbia 22,008,010,000.00 2016
73 Jordan 21,596,760,000.00 2016
74 Tunisia 21,385,050,000.00 2016
75 Dominican Republic 20,827,500,000.00 2016
76 Ghana 20,536,470,000.00 2016
77 Ethiopia 19,908,810,000.00 2016
78 Syrian Arab Republic 19,408,800,000.00 2010
79 Ecuador 19,052,390,000.00 2016
80 Guatemala 18,793,300,000.00 2016
81 Costa Rica 18,120,280,000.00 2016
82 Estonia 17,535,840,000.00 2016
83 Iran 17,503,000,000.00 2000
84 Azerbaijan 16,526,980,000.00 2016
85 Kenya 16,474,520,000.00 2016
86 Latvia 16,305,280,000.00 2016
87 Myanmar 15,700,520,000.00 2016
88 Macao SAR, China 15,541,530,000.00 2016
89 Bahrain 14,936,170,000.00 2014
90 Cambodia 14,706,530,000.00 2016
91 Malta 14,146,450,000.00 2016
92 Cyprus 13,195,280,000.00 2016
93 Dem. Rep. Congo 12,021,230,000.00 2016
94 Uruguay 11,752,300,000.00 2016
95 Trinidad and Tobago 11,631,340,000.00 2016
96 Côte d'Ivoire 11,346,380,000.00 2015
97 Bolivia 10,728,190,000.00 2016
98 Paraguay 10,721,400,000.00 2016
99 Tanzania 10,604,930,000.00 2016
100 El Salvador 10,544,090,000.00 2016
101 Nepal 10,015,080,000.00 2016
102 Honduras 9,951,870,000.00 2016
103 Congo 9,138,148,000.00 2014
104 Bosnia and Herzegovina 8,843,827,000.00 2016
105 Sudan 8,831,755,000.00 2016
106 Iceland 8,554,630,000.00 2016
107 Georgia 8,483,201,000.00 2016
108 Mozambique 8,004,224,000.00 2016
109 Zambia 7,931,800,000.00 2016
110 Cameroon 7,786,294,000.00 2015
111 Yemen 7,697,439,000.00 2015
112 Nicaragua 7,531,300,000.00 2016
113 Afghanistan 7,356,940,000.00 2016
114 Senegal 7,228,024,000.00 2014
115 Macedonia 7,000,499,000.00 2016
116 Botswana 6,670,468,000.00 2016
117 Mauritius 6,472,561,000.00 2016
118 Uganda 6,458,088,000.00 2016
119 Zimbabwe 6,426,700,000.00 2016
120 Jamaica 6,338,171,000.00 2016
121 Namibia 6,322,573,000.00 2016
122 Mongolia 5,605,357,000.00 2016
123 Mali 5,463,353,000.00 2014
124 Albania 5,441,930,000.00 2016
125 Lao PDR 5,358,618,000.00 2016
126 Guinea 5,138,606,000.00 2016
127 Kyrgyz Republic 4,688,990,000.00 2016
128 Armenia 4,516,155,000.00 2016
129 Moldova 4,463,350,000.00 2016
130 New Caledonia 4,399,794,000.00 2014
131 Burkina Faso 4,324,050,000.00 2014
132 Brunei 4,302,313,000.00 2016
133 The Bahamas 4,295,686,000.00 2016
134 Haiti 4,196,487,000.00 2016
135 Madagascar 3,498,148,000.00 2016
136 Papua New Guinea 3,150,083,000.00 2016
137 Rwanda 3,106,693,000.00 2016
138 Tajikistan 2,973,517,000.00 2016
139 Niger 2,948,311,000.00 2015
140 Benin 2,855,002,000.00 2015
141 Montenegro 2,756,117,000.00 2016
142 Liberia 2,520,417,000.00 2015
143 Mauritania 2,505,449,000.00 2016
144 Malawi 2,423,451,000.00 2015
145 Togo 2,416,131,000.00 2015
146 Gabon 2,392,806,000.00 2005
147 Barbados 2,387,719,000.00 2013
148 Fiji 2,269,365,000.00 2015
149 Sierra Leone 2,229,510,000.00 2015
150 Lesotho 1,908,249,000.00 2016
151 Guyana 1,898,252,000.00 2015
152 Suriname 1,698,627,000.00 2016
153 Swaziland 1,574,683,000.00 2016
154 Seychelles 1,498,441,000.00 2016
155 Bhutan 1,225,948,000.00 2016
156 Timor-Leste 1,165,577,000.00 2016
157 Belize 1,131,811,000.00 2016
158 Cabo Verde 1,009,137,000.00 2016
159 Antigua and Barbuda 927,143,900.00 2016
160 Djibouti 904,540,900.00 2016
161 St. Lucia 895,761,200.00 2016
162 Burundi 741,737,900.00 2016
163 Solomon Islands 626,624,400.00 2016
164 Grenada 553,047,300.00 2016
165 St. Kitts and Nevis 514,332,400.00 2016
166 Eritrea 499,744,400.00 2000
167 Vanuatu 487,012,800.00 2015
168 Equatorial Guinea 476,617,800.00 1996
169 The Gambia 442,173,000.00 2016
170 St. Vincent and the Grenadines 413,189,300.00 2016
171 Chad 411,469,900.00 1994
172 Samoa 371,598,400.00 2015
173 Guinea-Bissau 337,785,000.00 2015
174 Comoros 321,657,900.00 2012
175 Dominica 313,908,400.00 2016
176 Tonga 278,505,200.00 2013
177 Central African Republic 244,414,400.00 1994
178 Palau 209,475,600.00 2015
179 São Tomé and Principe 184,836,900.00 2016
180 Kiribati 173,921,200.00 2016
181 Tuvalu 39,495,490.00 2013

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Development Relevance: The balance of payments records an economy’s transactions with the rest of the world. Balance of payments accounts are divided into two groups: the current account, which records transactions in goods, services, primary income, and secondary income, and the capital and financial account, which records capital transfers, acquisition or disposal of nonproduced, nonfinancial assets, and transactions in financial assets and liabilities. The current account balance is one of the most analytically useful indicators of an external imbalance. A primary purpose of the balance of payments accounts is to indicate the need to adjust an external imbalance. Where to draw the line for analytical purposes requires a judgment concerning the imbalance that best indicates the need for adjustment. There are a number of definitions in common use for this and related analytical purposes. The trade balance is the difference between exports and imports of goods. From an analytical view it is arbitrary to distinguish goods from services. For example, a unit of foreign exchange earned by a freight company strengthens the balance of payments to the same extent as the foreign exchange earned by a goods exporter. Even so, the trade balance is useful because it is often the most timely indicator of trends in the current account balance. Customs authorities are typically able to provide data on trade in goods long before data on trade in services are available.

Limitations and Exceptions: Discrepancies may arise in the balance of payments because there is no single source for balance of payments data and therefore no way to ensure that the data are fully consistent. Sources include customs data, monetary accounts of the banking system, external debt records, information provided by enterprises, surveys to estimate service transactions, and foreign exchange records. Differences in collection methods - such as in timing, definitions of residence and ownership, and the exchange rate used to value transactions - contribute to net errors and omissions. In addition, smuggling and other illegal or quasi-legal transactions may be unrecorded or misrecorded.

Statistical Concept and Methodology: The balance of payments (BoP) is a double-entry accounting system that shows all flows of goods and services into and out of an economy; all transfers that are the counterpart of real resources or financial claims provided to or by the rest of the world without a quid pro quo, such as donations and grants; and all changes in residents' claims on and liabilities to nonresidents that arise from economic transactions. All transactions are recorded twice - once as a credit and once as a debit. In principle the net balance should be zero, but in practice the accounts often do not balance, requiring inclusion of a balancing item, net errors and omissions. The concepts and definitions underlying the data are based on the sixth edition of the International Monetary Fund's (IMF) Balance of Payments Manual (BPM6). Balance of payments data for 2005 onward will be presented in accord with the BPM6. The historical BPM5 data series will end with data for 2008, which can be accessed through the World Development Indicators archives. The complete balance of payments methodology can be accessed through the International Monetary Fund website (www.imf.org/external/np/sta/bop/bop.htm).

Aggregation method: Gap-filled total

Periodicity: Annual

General Comments: Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.