Overall, worldwide import purchases totaled US$23.542 trillion in 2023. That dollar amount results from a 23.2% increase from $19.105 trillion in international spending five years earlier during 2019. Year over year, globally imported products fell by -7.4% compared to $25.417 trillion for 2022. Below, you will find the 20 products that generated the highest dollar value in … [Read more...] about World’s Top Imports: Products and Countries
Import News
Nigeria’s Top 10 Imports
Nigeria spent US$60.6 billion worth of products from around the world in 2023, inflating by 27.8% from $47.4 billion five years earlier in 2019. From 2022 to 2023, the total cost of Nigerian imports flatlined via a modest 0.1% upturn compared to $60.5 billion the year prior. Nigeria’s 4 most valuable imported products were refined petroleum oils, armored vehicles including … [Read more...] about Nigeria’s Top 10 Imports
Philippines Top 10 Imports
The Republic of the Philippines imported US$133.8 billion worth of products from around the globe in 2023. That dollar amount of Filipino spending reflects an 18.5% increase from $112.9 billion in 2019, but an -8.3% year-over-year slip from $145.9 billion starting in 2022. Based on the average exchange rate for 2023, the Philippine peso depreciated by -7.4% against the US … [Read more...] about Philippines Top 10 Imports
Mexico’s Top 10 Imports
Officially the United Mexican States, Mexico imported US$598.5 billion worth of products from around the globe in 2023. That dollar amount results from a 31.5% advance compared to $604.6 billion five years earlier during 2019. From 2022 to 2023, the total value of Mexican import purchases slowed by -1% starting from $455.2 billion. Based on the average exchange rate for … [Read more...] about Mexico’s Top 10 Imports
Wheat Imports by Country
Globally, wheat imports during 2023 cost a total US$64.7 billion in international purchases. The overall value of imported wheat for all buying countries inflated by an average 45.9% since 2019 when the world’s tally for wheat purchases equaled $44.3 billion. From 2022 to 2023, worldwide spending on imported wheat fell by -15.5% starting from $76.5 billion in the earlier … [Read more...] about Wheat Imports by Country