China Imports y/y

Country:
China
CNY, Chinese yuan
Sector:
Trade
Low -0.5% -6.2%
0.0%
Last release Importance Actual Forecast
Previous
-3.7%
-0.5%
Next release Actual Forecast
Previous
  • Overview
  • Chart
  • History
  • Widget

China Imports y/y reflect a percentage change in the yuan value of goods purchased by residents from non-residents, imported from abroad. 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.

A nation importing more goods and services than it exports has a trade deficit. For countries with highly developed economies it means that labor-intensive production is transferred abroad, thus restraining inflation and maintaining high standard of living. A trade deficit in these cases is covered by other methods of economic interaction, for example by issuing debt instruments.

The impact of Chinese imports 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. Conversely, if the economy grows rapidly, developed countries prefer to develop imports in order to ensure price competition. This may influence yuan quotes accordingly. In general, a buyer in import transactions is forced to purchase foreign currency in order to pay for the goods, so the growth of imports may have a negative effect on yuan quotes.

Last values:

actual data

forecast

The chart of the entire available history of the "China Imports 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.

Date (GMT)
Reference
Actual
Forecast
Previous
Sep 2024
-0.5%
-6.2%
0.0%
Aug 2024
0.0%
8.5%
6.6%
Jul 2024
6.6%
8.0%
-0.6%
Jun 2024
-0.6%
4.7%
5.2%
May 2024
5.2%
3.1%
12.2%
Apr 2024
12.2%
-0.9%
2.0%
Mar 2024
2.0%
6.7%
Feb 2024
6.7%
1.6%
Dec 2023
1.6%
0.6%
Nov 2023
0.6%
-0.1%
6.4%
Oct 2023
6.4%
-0.8%
Sep 2023
-0.8%
-1.6%
Aug 2023
-1.6%
-5.4%
-6.9%
Jul 2023
-6.9%
-2.5%
-2.6%
Jun 2023
-2.6%
0.0%
2.3%
May 2023
2.3%
4.2%
-0.8%
Apr 2023
-0.8%
4.2%
6.1%
Mar 2023
6.1%
-5.3%
-2.9%
Feb 2023
-2.9%
3.0%
2.2%
Dec 2022
2.2%
9.8%
8.3%
Nov 2022
8.3%
4.1%
6.8%
Oct 2022
6.8%
6.0%
0.3%
Sep 2022
0.3%
6.0%
4.6%
Aug 2022
4.6%
8.7%
7.4%
Jul 2022
7.4%
73.9%
4.8%
Jun 2022
4.8%
-2.7%
2.8%
May 2022
2.8%
-9.0%
-2.0%
Apr 2022
-2.0%
-2.9%
-1.7%
Mar 2022
-1.7%
11.4%
12.9%
Feb 2022
12.9%
21.3%
16.0%
Dec 2021
16.0%
20.3%
26.0%
Nov 2021
26.0%
9.4%
14.5%
Oct 2021
14.5%
15.3%
10.1%
Sep 2021
10.1%
22.3%
23.1%
Aug 2021
23.1%
9.2%
16.1%
Jul 2021
16.1%
20.3%
24.2%
Jun 2021
24.2%
32.3%
39.5%
May 2021
39.5%
24.7%
32.2%
Apr 2021
32.2%
12.6%
27.7%
Mar 2021
27.7%
0.2%
14.5%
Feb 2021
14.5%
-2.0%
-0.2%
Dec 2020
-0.2%
-2.6%
-0.8%
Nov 2020
-0.8%
-0.6%
0.9%
Oct 2020
0.9%
-0.6%
11.6%
Sep 2020
11.6%
-1.3%
-0.5%
Aug 2020
-0.5%
-0.7%
1.6%
Jul 2020
1.6%
-0.7%
6.2%
Jun 2020
6.2%
0.7%
-12.7%
May 2020
-12.7%
1.5%
-10.2%
Apr 2020
-10.2%
2.4%
2.4%

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