China Exports y/y
| Low | 1.6% | 8.9% |
8.4%
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| Last release | Importance | Actual | Forecast |
Previous
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| 6.3% |
1.6%
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| Next release | Actual | Forecast |
Previous
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China Exports y/y reflect a percentage change in the value of goods sold by residents to non-residents, expressed in yuan. Economists use the indicator to evaluate the structure and intensity of trade flows.
The statistical data includes both raw materials and manufactured goods; gifts delivered free of charge; leasing commodities owned by tenant at the expiration of leasing period; goods for use by joint ventures; commodities trading in border areas (excluding mutual exchange goods) etc. Export statistics also include goods traded at duty-free points.
When exports exceed imports, a trade surplus is formed. It is an indication of high production level. It also shows that the nation produces more goods and services than it can consume.
The impact of Chinese exports on yuan quotes is ambiguous and depends on the context of business cycles and other economic indicators, such as production dynamics. For example, in economy recession conditions, countries begin to export more in order to create jobs. In addition, non-residents need to purchase yuan in order to pay to the supplier for export deliveries. Therefore exports growth may have a positive effect on yuan quotes.
Last values:
actual data
forecast
The chart of the entire available history of the "China Exports y/y" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.
