China Imports USD y/y

Country:
China
CNY, Chinese yuan
Sector:
Trade
Low 14.3% 20.4%
20.0%
Last release Importance Actual Forecast
Previous
24.2%
14.3%
Next release Actual Forecast
Previous
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China Imports USD y/y reflect a percentage change in the dollar value of goods purchased by residents from non-residents, imported from abroad. The dollar calculation of the import value provides for a proper comparison of Chinese imports with other countries and a correct evaluation of trade statistics. 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 USD 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 2018
14.3%
20.4%
20.0%
Aug 2018
20.0%
21.4%
27.3%
Jul 2018
27.3%
19.8%
14.1%
Jun 2018
14.1%
18.4%
26.0%
May 2018
26.0%
8.9%
21.5%
Apr 2018
21.5%
22.3%
14.4%
Mar 2018
14.4%
14.3%
6.3%
Feb 2018
6.3%
36.9%
Jan 2018
36.9%
4.5%
Dec 2017
4.5%
17.7%
Nov 2017
17.7%
17.2%
Oct 2017
17.2%
18.6%
Sep 2017
18.7%
13.3%
Aug 2017
13.3%
11.0%
Jul 2017
11.0%
17.2%
Jun 2017
17.2%
14.8%
May 2017
14.8%
11.9%
Apr 2017
11.9%
20.3%
Mar 2017
20.3%
38.1%
Feb 2017
38.1%
16.7%
Jan 2017
16.7%
3.1%
Dec 2016
3.1%
6.7%
Nov 2016
6.7%
-1.4%
Oct 2016
-1.4%
-1.9%
Sep 2016
-1.9%
1.5%
Aug 2016
1.5%
-12.5%
Jul 2016
-12.5%
-8.4%
Jun 2016
-8.4%
-0.4%
May 2016
-0.4%
-10.9%
Apr 2016
-10.9%
-7.6%
Mar 2016
-7.6%
-13.8%
Feb 2016
-13.8%
-18.8%
Jan 2016
-18.8%
-7.6%
Dec 2015
-7.6%
-8.7%
Nov 2015
-8.7%
-18.8%
Oct 2015
-18.8%
-20.4%
Sep 2015
-20.4%
-13.8%
Aug 2015
-13.8%
-8.1%
Jul 2015
-8.1%
-6.1%
Jun 2015
-6.1%
-17.6%
May 2015
-17.6%
-16.2%
Apr 2015
-16.2%
-12.7%
Mar 2015
-12.7%
-20.5%
Feb 2015
-20.5%
-19.9%
Jan 2015
-19.9%
-2.4%
Dec 2014
-2.4%
-6.7%
Nov 2014
-6.7%
4.6%
Oct 2014
4.6%
7.0%
Sep 2014
7.0%
-2.4%
Aug 2014
-2.4%
-1.6%

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