Based on the expert analysis and our database of 70+ Global industries, IBISWorld presents a list of the Biggest Importing Industries Global in 2022
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View a list of the Top 25 biggest importing industriesImports for 2022: $1,275,2B
Operators in the Global Oil and Gas Exploration and Production industry find and extract crude oil and natural gas from oil and gas reserves across the world. Over the five years to 2022, the prices of crude oil and natural gas have fluctuated despite steady growth in production, which has caused revenue fluctuations. Slowing global demand alongside continually rising supply caused prices to plummet prior to the period and in 2020, before rapid growth in both 2021 and 2022. Overall, industry revenue is forecast to grow an annualized 12.3% to $5.0 trillion over the five years to 2022, including forecast... Learn More
Imports for 2022: $650,6B
Over the five years to 2022, pharmaceutical manufacturers have benefited from an aging population in developed economies and a growing middle class in emerging economies, which has provided a larger customer base for operators in the Global Pharmaceuticals and Medicine Manufacturing industry. Many manufacturers have also tapped into regional demand for pharmaceuticals that may differ from developed markets and have expanded their global presence to tap into regional market needs and develop relationships with government entities that can accelerate drug approval or implement high reimbursement rates. The outbreak of the COVID-19 (coronavirus) pandemic presented industry operators with new opportunities; however,... Learn More
Imports for 2022: $463,2B
The Global Car and Automobile Manufacturing industry started the five years to 2022 flat out with consumers, business and government spending more than ever on passenger vehicles amid stable macroeconomic growth and historically low interest rates. Significant improvements on the technological front, particularly in regard to hybrid and electric vehicles, internal combustion engine fuel efficiency, infotainment development and autonomous driving capabilities, have also spurred demand from a more affluent private sector for new vehicles. However, the industry was very quickly forced into unfamiliar territory when the COVID-19 pandemic led to a monumental slowdown in demand for and supply of passenger... Learn More
Imports for 2022: $444,6B
Demand for the Global Apparel Manufacturing industry is highly dependent on disposable income and the overall economic well-being of the region in consideration. Over the past decade, the industry has benefited from an increasing number of consumers opting to buy more garments at lower prices, driving both industry revenue and profit. This trend has been sustained by significant offshoring of apparel manufacturing from industry establishments in developed countries to developing economies, which has significantly lowered production costs, reducing the overall price of apparel and making apparel products increasingly affordable to an expanding consumer base. Consequently, international trade is of paramount... Learn More
Imports for 2022: $401,0B
The Global Plastic Product and Packaging Manufacturing industry has experienced mixed results over the five years to 2021. It has benefited from increasing consumption of plastic across the world, as rising capacity worldwide has resulted in strong growth in overall plastic production. Plastic goods are substituted for a variety of materials such as wood, paper, metals and glass, as it is often more price competitive while offering better performance. However, despite rising consumption and production during most of the current period, industry revenue is expected to decline an annualized 0.2% to $489.2 billion over the five years to 2021. This... Learn More
Imports for 2022: $364,2B
The Global Auto Parts and Accessories Manufacturing industry is expected to decline over the five years to 2021, as automakers, the industry's largest customers, have been hurt by the economic fallout stemming from the COVID-19 (coronavirus) pandemic. Barring 2020, per capita income levels climbed across the globe and the burgeoning middle classes in emerging economies were able to purchase their own cars. As demand for new automobiles has risen, original equipment manufacturers have demanded more components from industry operators. Additionally, the auto parts aftermarket has helped generate revenue as average vehicle ages increased. Demand for this segment tends to rise... Learn More
Imports for 2022: $339,2B
Revenue for the Global Consumer Electronics Manufacturing industry is expected to grow at an annualized rate of 1.7% to $1.6 trillion over the five years to 2022, including an increase of 4.6% in 2022 alone. Innovative products, falling prices, growing household incomes and rising consumer sentiment have supported demand for consumer electronics. However, the industry experienced revenue declines in 2020 amid the COVID-19 (coronavirus) pandemic, which caused a decline in global electronics consumption due to disruptive effects on global supply chains and economic activity. Nonetheless, rising consumer spending, the release of new products and the global economic recovery over the... Learn More
Imports for 2022: $265,4B
The Global Iron Ore Mining industry's financial performance has been strong over the five years to 2021. Industry revenue is a function of global demand conditions, and volatility in the world price of iron ore during the period has led to several years of double-digit rises. Due to a slight decrease in global production and increasing demand, industry revenue is projected to increase an annualized 20.1% to $374.6 billion over the five years to 2021, including an estimated rise of 40.8% in 2021 alone. The growth in 2021 can be mainly attributed to the recovering demand trends after the peak... Learn More
Imports for 2022: $225,9B
In the Global Semiconductor and Electronic Parts Manufacturing industry, demand for downstream consumer electronics, automobiles, computers and industrial machinery has risen, as global per capita income and internet connectivity have increased over the five years to 2022 and have driven downstream demand. However, fluctuating product and input prices have led to oscillations in industry revenue, resulting in revenue declining before the current period, only to recover in 2017 and 2018 as memory prices soared before sharply falling again in 2019. In 2020, while the COVID-19 (coronavirus) pandemic led to widespread global economic damage, industry revenue grew. This can be primarily... Learn More
Imports for 2022: $190,0B
Operators in the Global Paper and Pulp Mills industry produce a variety of pulp and paper products that are then sold to manufacturers of various paper goods across the world. Goods such as paper packaging are ubiquitous across the world for use in facilitating the transfer of goods. The increased digitization of the global economy and growth in internet usage across the globe have cut into demand for newsprint and other forms of paper. However, the industry has benefited from growth in developing economies, such as China, which has increase as a share of the global industry over the five... Learn More
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