Pacific island small states - Merchandise imports (current US$)

The value for Merchandise imports (current US$) in Pacific island small states was 3,709,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 5,374,000,000 in 2014 and a minimum value of 79,951,510 in 1960.

Definition: Merchandise imports show the c.i.f. value of goods received from the rest of the world valued in current U.S. dollars.

Source: World Trade Organization.

See also:

Year Value
1960 79,951,510
1961 82,338,120
1962 84,724,740
1963 93,077,880
1964 121,717,200
1965 125,297,100
1966 118,137,300
1967 131,263,700
1968 143,196,700
1969 156,323,100
1970 183,769,200
1971 223,148,200
1972 285,200,200
1973 383,051,300
1974 482,095,700
1975 479,709,100
1976 453,456,300
1977 539,374,400
1978 643,192,000
1979 856,793,800
1980 1,003,570,000
1981 1,060,578,000
1982 889,555,300
1983 861,051,600
1984 844,424,400
1985 837,298,400
1986 795,730,400
1987 786,229,200
1988 938,249,300
1989 1,093,923,000
1990 1,321,122,000
1991 1,235,923,000
1992 1,262,219,000
1993 1,373,715,000
1994 1,495,729,000
1995 1,604,027,000
1996 1,727,649,000
1997 1,710,281,000
1998 1,411,952,000
1999 1,632,633,000
2000 1,550,900,000
2001 1,624,460,000
2002 1,643,872,000
2003 2,032,108,000
2004 2,456,102,000
2005 2,775,886,000
2006 3,113,038,000
2007 3,244,834,000
2008 3,931,398,000
2009 2,887,248,000
2010 3,561,552,000
2011 4,147,992,000
2012 4,276,723,000
2013 4,968,396,000
2014 5,374,000,000
2015 4,157,000,000
2016 4,419,000,000
2017 4,605,000,000
2018 4,947,000,000
2019 4,966,000,000
2020 3,709,000,000

Limitations and Exceptions: The value of imports is generally recorded as the cost of the goods when purchased by the importer plus the cost of transport and insurance to the frontier of the importing country - the cost, insurance, and freight (c.i.f.) value, corresponding to the landed cost at the point of entry of foreign goods into the country. A few countries collect import data on a free on board (f.o.b.) basis and adjust them for freight and insurance costs. Countries may report trade according to the general or special system of trade. Under the general system imports include goods imported for domestic consumption and imports into bonded warehouses and free trade zones. Under the special system imports comprise goods imported for domestic consumption (including transformation and repair) and withdrawals for domestic consumption from bonded warehouses and free trade zones. Goods transported through a country en route to another are excluded. Data on imports of goods are derived from the same sources as data on exports. In principle, world exports and imports should be identical. Similarly, exports from an economy should equal the sum of imports by the rest of the world from that economy. But differences in timing and definitions result in discrepancies in reported values at all levels.

Statistical Concept and Methodology: Merchandise trade data are from customs reports of goods moving into or out of an economy or from reports of financial transactions related to merchandise trade recorded in the balance of payments. Because of differences in timing and definitions, trade flow estimates from customs reports and balance of payments may differ. Several international agencies process trade data, each correcting unreported or misreported data, leading to other differences. The data on total imports of goods (merchandise) are from the World Trade Organization (WTO), which obtains data from national statistical offices and the IMF's International Financial Statistics, supplemented by the Comtrade database and publications or databases of regional organizations, specialized agencies, economic groups, and private sources (such as Eurostat, the Food and Agriculture Organization, and country reports of the Economist Intelligence Unit). Country websites and email contact have improved collection of up-to-date statistics, reducing the proportion of estimates. The WTO database now covers most major traders in Africa, Asia, and Latin America, which together with high-income countries account for nearly 95 percent of world trade. Reliability of data for countries in Europe and Central Asia has also improved.

Aggregation method: Gap-filled total

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Imports