Monthly data on customs clearance of imported goods around the world (in current USD (not seasonally adjusted)) and a graph of the top countries

Abstract

Clearances of imported goods in April 2024 (current USD terms, not seasonally adjusted) reached $4.99 trillion, the highest in the world, an important indicator of the strength of the international economy. The figure reflects a recovery trend over the past few years, particularly driven by rising demand as economies reopen following the COVID-19 pandemic. Imports are spread across a variety of commodity categories, with demand for energy resources and technology products being particularly notable. In particular, with economic activity in China and the United States picking up steam, trade relations between the two countries are stimulating increased imports. Additionally, as supply chains are being restructured, the role of emerging market countries is becoming increasingly important. As a result, the global manufacturing industry is increasingly moving to diversify risks by region. However, inflation and geopolitical tensions could have an impact, so caution is advised in the longer-term outlook. In particular, fluctuations in energy prices and the economic policies of major importing countries will be factors that will affect import trends. It will be important to continue to closely monitor these trends in order to deepen our understanding of international trade.

Customs clearance of imported goods (in current USD (not seasonally adjusted))

Looking at customs data for imported goods from January 1990 to April 2024, global imports show a long-term growth trend. Notably, the $5.81 trillion recorded in June 2022 was a historic peak, a period that was the result of a recovering economy and surging demand. However, imports in April 2024 will remain at $4.99 trillion, or 85.8% of that peak. Several factors contribute to this trend. First, disruptions to supply chains following the COVID-19 pandemic and rising energy prices have had an impact, leading to instability in international trade. Additionally, inflation and monetary policies of each country are also important factors affecting import trends. Developed countries, especially, could see a decline in consumption due to higher interest rates, which could have a chilling effect on import demand. On the other hand, the growth of emerging market countries is promoting the diversification of imports, with the development of manufacturing industries being particularly notable in Asia. As such, global import trends are strongly influenced by economic fluctuations and policies, and will require continued close monitoring.

The maximum is 5.81TUSD[2022年6月] of World, and the current value is about 85.8%

Customs clearance of imported goods (in current USD (not seasonally adjusted)) (countries around the world)

Based on data covering the period January 1990 to May 2024, Tanzania’s customs clearance of imported goods (in current USD, not seasonally adjusted) peaked at $2.12 trillion in June 2018 and has since declined by 87.7%. This trend indicates that it is influenced by Tanzania’s economic structure and external factors. High import values ​​at the peak reflected increased demand due to infrastructure development and economic growth. In particular, imports of machinery for the agricultural and manufacturing industries, transportation equipment, and consumer goods contributed significantly. However, in recent years, imports have been declining due to the global economic downturn, disruptions to supply chains, and rising energy prices. Tanzania’s domestic production capacity and economic policies are also important factors. Although the government is aiming to diversify its industry, the country remains highly dependent on external sources and is sensitive to fluctuations in international markets. Furthermore, delays in infrastructure development and challenges in the investment environment are also contributing to a decline in imports. In order to achieve economic stability and growth in the future, domestic industries will need to be strengthened and diversified. It is important to aim for sustainable growth while taking advantage of the dynamism of international trade.

The maximum is 2.12TUSD[2018年6月] of Tanzania, and the current value is about 87.7%

Customs clearance of imported goods (in current USD (not seasonally adjusted)) (Worldwide, latest year)

According to May 2023 data, customs clearance of imported goods from middle-income countries reached $2.78 trillion, compared with an overall total of $8.35 trillion and an average of $1.84 trillion. These figures reflect trends in international trade and changing economic structures. Middle-income countries are seeing an increase in imports as their economies grow, especially demand for manufacturing and consumer goods. As these countries undergo industrialization, their imports of raw materials and machinery and equipment are increasing, making them more dependent on international markets. In addition, as consumption expands, imports of daily necessities and technology-related goods are also increasing. However, these countries are sensitive to external shocks, including geopolitical tensions, disruptions to supply chains and fluctuations in energy prices that affect imports. In particular, recent inflationary pressures have increased import costs and placed an increased burden on consumers and businesses. Thus, while import trends support economic growth in middle-income countries, they also highlight their vulnerability to external risks. In the future, strengthening domestic industries and diversifying trade will be important issues. Policies to enhance international competitiveness are needed.

The maximum is 2.78TUSD[2023年5月] of Middle-income countries, and the current value is about 97.5%

Customs clearance of imported goods (in current USD (not seasonally adjusted)) (region, latest year)

According to April 2024 data, customs clearance of imported goods will reach a total of $5.51 trillion, with middle-income countries accounting for $2.71 trillion of that. This figure is an important indicator reflecting trends in international trade and economic growth. The largest imports come from middle-income countries, indicating that these countries are experiencing economic growth and increasing demand for manufacturing and consumer goods. This has led to increased imports of raw materials, machinery and equipment, and technology-related goods as industrialization progresses. Additionally, as consumption expands, imports of daily necessities and luxury consumer goods are also becoming an important factor. The average figure of $1.84 trillion is important when considering the overall balance of global trade. This figure is influenced by countries’ economic situations and trade policies, particularly recent geopolitical tensions and inflationary pressures. Volatility in energy prices and disruptions to supply chains are leading to higher import costs and increasing the burden on businesses and consumers. In order to achieve sustainable growth in the future, it will be necessary to reduce dependence on imports and strengthen domestic industries. Diversifying trade and developing new markets will be key to enhancing economic stability.

The maximum is 2.71TUSD of Middle-income countries, the average is 2.71TUSD, and the total is 2.71TUSD

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