Import of Goods Value from China (1990-2023)

China's import growth, from $53.3B in 1990 to a peak of $2.7T in 2022, reflects its rise as a global economic powerhouse. Rapid industrialization and integration into global trade networks, particularly after joining the WTO in 2001, drove imports from $243.5B in 2001 to $956.1B in 2007.

Despite a slight slowdown during the 2009 financial crisis, imports rebounded, supported by domestic demand and infrastructure investments. The record imports in 2022, followed by a dip to $2.5T in 2023, highlight China’s role in global trade while navigating economic slowdowns and global supply chain adjustments.