China Imports y/y

Country:
China
CNY, Chinese yuan
Sector:
Trade
Low 7.8% 7.5%
26.3%
Last release Importance Actual Forecast
Previous
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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
Nov 2018
7.8%
7.5%
26.3%
Oct 2018
26.3%
14.2%
17.4%
Sep 2018
17.4%
2.6%
18.8%
Aug 2018
18.8%
18.5%
20.9%
Jul 2018
20.9%
6.9%
6.0%
Jun 2018
6.0%
10.5%
15.6%
May 2018
15.6%
10.1%
11.6%
Apr 2018
11.6%
17.3%
5.9%
Mar 2018
5.9%
179.5%
-0.2%
Feb 2018
-0.2%
30.2%
Jan 2018
30.2%
18.7%
Dec 2017
18.7%
15.6%
Nov 2017
15.6%
15.9%
Oct 2017
15.9%
19.5%
Sep 2017
19.5%
14.4%
Aug 2017
14.4%
14.7%
Jul 2017
14.7%
23.1%
Jun 2017
23.1%
22.1%
May 2017
22.1%
18.6%
Apr 2017
18.6%
26.3%
Mar 2017
26.3%
44.7%
Feb 2017
44.7%
25.2%
Jan 2017
25.2%
10.8%
Dec 2016
10.8%
13.0%
Nov 2016
13.0%

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