Biggest Importing Industries in China in 2026

• 1. Oil & Gas Drilling in China

  Imports for 2026: $408.7B

  Revenue for the Oil and Gas Drilling industry in China is expected to increase 8.1% annually over the five years through 2024, but year-on-year growth is volatile. Growth in China's economy has been slowing down, which has led to a decline in the domestic crude oil price. As a result, revenue was fluctuated in the five-year period and has had varied growth since, with an estimated 4.3% decrease in 2024 to $248.5 billion. Inflation and COVID-19 have increased industry volatility over the past ...

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• 2. Integrated Circuit Manufacturing in China

  Imports for 2026: $375.8B

  China is the world's largest and fastest-growing integrated circuit market, and is also an important producer and provider of integrated circuits. The Integrated Circuit Manufacturing industry in China is expected to grow at an annualized 11.8% over the five years through 2023 to $283.3 billion, maintaining a sustained and stable growth trend over the period. This includes growth by 9.3% in the current year. The huge demand from terminal application markets like industrial equipment, communic...

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• 3. Iron Ore Mining in China

  Imports for 2026: $136.4B

  The iron ore mining industry is located at the forefront of the industrial chain, and the downstream industry is mainly the steel industry. The industry shows obvious cyclical characteristics around the supply and demand relationship, expectations and changes in macro-control policies.
  Revenue for the Iron Ore Mining industry in China is expected to fall at an annualized 0.1% over the five years through 2024, to $182.2 billion. The COVID-19 pandemic had a negative impact on the whole eco...

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• 4. Legume Growing in China

  Imports for 2026: $66.6B

  China is one of the world's major consumers of legumes. With the rapid development of China's economy, the dietary structure of residents has changed, and the demand for legume products is gradually increasing. Revenue for Legume Growing industry in China is expected to increase at an annualized rate of 1.9% over the five years through 2024, to $19.4 billion. In 2024, industry revenue is expected to increase by 1.6% year-on-year.
  As legumes are not high-yielding crops and large quantitie...

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• 5. Automobile Manufacturing in China

  Imports for 2026: $55.7B

  Revenue for the Automobile Manufacturing industry is expected to increase by a CAGR of 3.6% over the five years through 2025, including a growth rate of 2.2% in 2025 alone, to total $817.5 billion. Rising domestic demand across urban and rural areas and increasing exports have driven industry revenue growth over the period.
  Rising household income levels and competitive pricing have encouraged more Chinese consumers to purchase automobiles over the past five years, particularly in major ...

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• 6. Organic Chemical Material Manufacturing in China

  Imports for 2026: $53.4B

  Products from the Organic Chemical Material Manufacturing industry in China are widely used in many downstream industries and the industry's performance is closely related to the country's economic performance. Over the five years through 2024, industry revenue is expected to grow at an annualized rate of 2.6% to $223.5 billion, including 6.0% growth in 2024. Stable growth of China's economy and improving living standards of Chinese residents have promoted the demand for chemical products lik...

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• 7. Oil Wholesale in China

  Imports for 2026: $49.2B

  Revenue for the Oil Wholesale industry in China is expected to increase at an annualized 15.4% over the five years through 2025, to $1.2 trillion. Industry revenue is anticipated to rise by 7.1% in the current year due to increasing international oil prices. Imports have satisfied an increasing proportion of domestic demand over the past five years, indicating increasing reliance on foreign oil. Industry imports are estimated to total $52.9 billion in 2025. Profit was estimated 3.3% of total ...

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