After analyzing 2014 data for the 50 countries responsible for the greatest dollar value in imports, we found only one country that boosted their imports by over 100% since 2010.
Seven of these 15 import-leading nations are in Asia.
Three Middle Eastern importers (UAE, Saudi Arabia and Egypt) and two South American countries (Colombia and Brazil) were among the fastest-growing importers. Mexico was the only North American country to make the list.
World’s Fastest-Growing Import Partners
The fastest-growing import partners are listed in descending order below.
- Vietnam: Up 109.2% since 2010 (US$177,452,654,000)
- Colombia: Up 57.5% ($64,060,320,000)
- United Arab Emirates: Up 43.2% ($232,238,665,000)
- Saudi Arabia: Up 42.7% ($152,447,678,000)
- Algeria: Up 42.3% ($58,329,832,000)
- China: Up 40.6% ($1,962,085,985,000)
- Hong Kong: Up 36.1% ($600,613,066,000)
- Egypt: Up 34.6% ($71,337,744,000)
- Mexico: Up 32.7% ($399,976,864,000)
- Indonesia: Up 31.3% ($178,178,817,000)
- India: Up 31.2% ($459,369,464,000)
- Turkey: Up 30.6% ($242,223,959,000)
- Malaysia: Up 27% ($208,980,450,000)
- Brazil: Up 26.9% ($229,060,056,000)
- Romania: Up 25.6% ($77,889,071,000)
The largest percentage increase from 2010 to 2014 belongs to Vietnam, the South East Asian nation strategically located on the Indochina Peninsula near the powerhouse economies of China, India and Japan.
Note that import statistics do not exactly equal corresponding export numbers. That’s because various countries use different reporting methodologies, including adjustments for import tariffs and taxes.
International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on August 5, 2015
The World Factbook, Field Listing: Imports, Central Intelligence Agency. Accessed on August 5, 2015
Trade Map, International Trade Centre, www.intracen.org/marketanalysis. Accessed on August 5, 2015