Oil, Metals and Electronics: The Rapid Growth of India’s Imports
India’s imports have grown prodigiously since 2000, reflecting the transformation of the country’s economy.
India’s imports have grown prodigiously since 2000, reflecting the transformation of the country’s economy.
China alone accounts for a fifth of global crude oil imports while supply remains concentrated in a handful of exporters.
Africa is China’s fastest-growing export market and North America is the slowest. China’s exports to Africa are destined to eclipse those to North America.
China’s concentration of production, processing and exports has created structural dependencies with wide-ranging effects on critical industries.
What China buys and where it buys it have reshaped supply chains, commodity flows and trade balances worldwide.
China and the U.S. account for 36% of the world’s oil refining capacity, and only five economies control half of the world’s capacity.
China’s Five-Year Plans steered economic development from investment- and export-led expansion toward more balanced, high-quality growth.
Asia’s share of global imports is dominant across key industrial commodities, with China driving regional demand and shaping global supply chains.
Oil still dominates Saudi Arabia’s exports, but the country now exports a rapidly growing array of non-oil products.
China is the world’s largest consumer of energy and runs large trade deficits for primary fuels, especially crude oil and petroleum gases.