Countries in the WORLD with the MOST IMPORTS of GOODS and SERVICES

Discover which countries in the WORLD have the highest imports of goods and services. These imports represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transportation, travel, royalties, licenses, and other services such as communication, construction, financial, informational, business, personal, and government services. They exclude employee compensation, investment income (previously known as factor services), and transfer payments.

Gross Domestic Product (GDP) from the expenditure side consists of household final consumption expenditure, general government final consumption expenditure, gross capital formation (private and public investment in fixed assets, changes in inventories, and net acquisitions of valuables), and net exports (exports minus imports) of goods and services. These expenditures are recorded at purchaser prices and include net product taxes.

Source: World Bank

FOLLOW US IN: