Stay updated with the Global Import and Export Industry with Well Formulated Information
Asian countries imported goods worth USD 7,111 billion in 2019, decline from 2018’s USD 7,499 billion. According to Asia import data, countries in Asian continent accounted for 37.3% to overall value of import shipments recorded in last year. China stood as the largest importer country in Asia, which shared 10.9% of total import value of commodities imported by countries in Asian continent.
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An estimated value of world’s total imports recorded USD 19.06 trillion in 2019. That dollar amount reflects a decline of about -4.1% as compared to the previous year. The United States of America stood as the largest importer country in the world, which shared 13.5% value to total imports recorded last year. China was the second largest country in terms of global imports, which shared 10.9% value to total imports.
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India’s imports from China totalled USD 68,402 million in 2019, while India’s exports to China totalled 17,278 million. That means India’s trade deficit with China is wide as India is heavily dependent on Chinese goods. According to India import data, India imported electronics, machinery, organic chemicals, plastics and fertilisers the most in 2019. Now India has taken several measures to curb imports from China, especially after border stand-off between the two countries.
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Asia exports values USD 6.789 trillion in 2019, a drop of about -3.6% from the previous year. According to Asian countries export data, China stood as the largest export country in the Asian continent, which shared about 36% value to total exports recorded in the said year. International product sales originating from Asia represent over one-third (36.2%) of all global exports. Check list of top Asian export countries with Asia trade statistics.
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Turkey’s gold imports valued USD 6,877 million from January to May 2020. And value of gold shipments entered into the country recorded 11,230 million in 2019. According to Turkey import data, the country saw fluctuation in gold imports during Feb, Mar and May months. However, Turkey recorded a drastic decline in value of gold shipments to USD 657 million in April month due to coronavirus pandemic lockdown. Let’s analyze a larger picture of Turkey gold importers with Turkish importers of gold.
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