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In 2024, goods imports to China increased by about *** percent compared to the previous year (based on yuan value). Resulting from a difficult global economic environment and the high base of total imports during the pandemic, China's international trade saw only slow growth that year. 

Goods import to China

In 2024 China’s total international trade value reached **** trillion yuan, comprised of **** trillion yuan merchandise export value and **** trillion yuan import value. Imports accounted for nearly ****percent of the gross domestic product (GDP) that year.

China is the world’s second largest merchandise importer after the United States. Among the country’s major import goods are integrated circuits, crude oil, and iron ore. 

The ASEAN was the major region exporting to China in 2024, accounting for over ** percent of China’s total imports. The European Union was China's second largest import origin that year. In addition, China's closest neighbors – South Korea, Taiwan, and Japan – each covered *** to percent of the total import value. 

Import growth

China's merchandise imports were stalled as a result of the difficult global economic environment in 2024. Guangdong province was China's largest import destination, followed by Shanghai municipality and Jiangsu province. As for trade partners, China has increased its imports of merchandise from Russia significantly since 2022. In 2023, China imported nearly ***billion yuan of products from Russia.