China CNY

China Imports YoY

Info

History

Chart

Impact:

High

Source: General Administration of Customs

Latest Release:

Date:

Big Surprise:

5.7%

CNY

Actual:

-0.2%

Forecast: -5.9%

Previous/Revision:

-4.3%

Period: Apr

Next Release:

Date:

Forecast: -3%

Period: May

What Does It Measure?

China's Imports Year-over-Year (YoY) measures the percentage change in the value of goods imported into the country compared to the same month in the previous year. This indicator primarily focuses on trade dynamics, assessing demand for foreign goods and services and reflecting economic conditions both domestically and abroad.

Frequency

This report is released on a monthly basis and typically provides the preliminary estimate on the 10th day of the following month.

Why Do Traders Care?

Traders focus on China’s Import YoY data as it signals the health of the world's second-largest economy, influencing global trade patterns and commodity prices. Strong import figures can boost demand for currencies like the Chinese Yuan (CNY), while weaker-than-expected imports may adversely affect stock markets and commodity-related assets.

What Is It Derived From?

The Import YoY figure is calculated using data collected from China's customs, analyzing the value of imports across various categories. It typically relies on comprehensive reporting from multiple customs offices and is derived from total import statistics after adjusting for seasonal variations.

Description

The Import YoY report contrasts the current month's import value with that of the same month from the previous year, effectively highlighting long-term trends by eliminating seasonal fluctuations that may impact monthly comparisons. This process allows traders and analysts to gauge whether the trend in imports is increasing or decreasing over a more extended period, offering insights into China’s economic demand and production requirements.

Additional Notes

This indicator is generally considered a coincident economic measure, reflecting real-time shifts in consumer and industrial demand for imported goods. It often correlates with other economic indicators such as exports, GDP growth, and manufacturing activity, contributing to a broader analysis of economic health both in China and among its trading partners.

Bullish or Bearish for Currency and Stocks

Higher than expected: Bullish for CNY, Bearish for Stocks. Lower than expected: Bearish for CNY, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number	Better than forecast for the currency (or previous revise better)
Red Number	Worse than forecast for the currency (or previous revise better)
Hawkish	Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish	Favors lower rates to boost growth, weakening the currency but lifting stocks.

Date	Actual	Forecast	Previous	Surprise
May 09, 2025	-0.2%	-5.9%	-4.3%	5.7%
Apr 14, 2025	-4.3%	-2%	-8.4%	-2.3%
Mar 07, 2025	-8.4%	1%	1%	-9.4%
Jan 13, 2025	1%	-1.5%	-3.9%	2.5%
Dec 10, 2024	-3.9%	0.3%	-2.3%	-4.2%
Nov 07, 2024	-2.3%	-1.5%	0.3%	-0.8%
Oct 14, 2024	0.3%	0.9%	0.5%	-0.6%
Sep 10, 2024	0.5%	2%	7.2%	-1.5%
Aug 07, 2024	7.2%	3.5%	-2.3%	3.7%
Jul 12, 2024	-2.3%	2.8%	1.8%	-5.1%
Jun 07, 2024	1.8%	4.2%	8.4%	-2.4%
May 09, 2024	8.4%	5.4%	-1.9%	3%
Apr 12, 2024	-1.9%	1.2%	-8.2%	-3.1%
Mar 07, 2024	3.5%	1.5%	0.2%	2%
Jan 12, 2024	0.2%	0.3%	-0.6%	-0.1%
Dec 07, 2023	-0.6%	3.3%	3%	-3.9%
Nov 07, 2023	3%	-4.8%	-6.2%	7.8%
Oct 13, 2023	-6.2%	-6%	-7.3%	-0.2%
Sep 07, 2023	-7.3%	-9%	-12.4%	1.7%
Aug 08, 2023	-12.4%	-5%	-6.8%	-7.4%
Jul 13, 2023	-6.8%	-4%	-4.5%	-2.8%
Jun 07, 2023	-4.5%	-8%	-7.9%	3.5%
May 09, 2023	-7.9%	0%	-1.4%	-7.9%
Apr 13, 2023	-1.4%	-5%	-10.2%	3.6%
Mar 07, 2023	-10.2%	-5.5%	-7.5%	-4.7%
Jan 13, 2023	-7.5%	-9.8%	-10.6%	2.3%
Dec 07, 2022	-10.6%	-6%	-0.7%	-4.6%
Nov 07, 2022	-0.7%	0.1%	0.3%	-0.8%
Oct 24, 2022	0.3%	1%	0.3%	-0.7%
Sep 07, 2022	0.3%	1.1%	2.3%	-0.8%
Aug 07, 2022	2.3%	3.7%	1%	-1.4%
Jul 13, 2022	1%	3.9%	4.1%	-2.9%
Jun 09, 2022	4.1%	2%	0.01%	2.1%
May 09, 2022	0.01%	-3%	-0.1%	3.01%
Apr 13, 2022	-0.1%	8%	15.5%	-8.1%
Mar 07, 2022	15.5%	16.5%	19.5%	-1%
Jan 14, 2022	19.5%	26.3%	31.7%	-6.8%
Dec 07, 2021	31.7%	19.8%	20.6%	11.9%
Nov 07, 2021	20.6%	25%	17.6%	-4.4%
Oct 13, 2021	17.6%	20%	33.1%	-2.4%
Sep 07, 2021	33.1%	26.8%	28.1%	6.3%
Aug 07, 2021	28.1%	33%	36.7%	-4.9%
Jul 13, 2021	36.7%	30%	51.1%	6.7%
Jun 07, 2021	51.1%	51.5%	43.1%	-0.4%
May 07, 2021	43.1%	42.5%	38.1%	0.6%
Apr 13, 2021	38.1%	23.3%	22.2%	14.8%
Mar 07, 2021	22.2%	15%	6.5%	7.2%
Jan 14, 2021	6.5%	5%	4.5%	1.5%
Dec 07, 2020	4.5%	6.1%	4.7%	-1.6%
Nov 07, 2020	4.7%	9.5%	13.2%	-4.8%
Oct 13, 2020	13.2%	0.3%	-2.1%	12.9%
Sep 07, 2020	-2.1%	0.1%	-1.4%	-2.2%
Aug 07, 2020	-1.4%	1%	2.7%	-2.4%
Jul 14, 2020	2.7%	-10%	-16.7%	12.7%
Jun 07, 2020	-16.7%	-9.7%	-14.2%	-7%
May 07, 2020	-14.2%	-12.4%	-1%	-1.8%
Apr 14, 2020	-0.9%	-9.5%	-4%	8.6%
Mar 07, 2020	-4%	-15%	16.5%	11%
Jan 14, 2020	16.3%	9.6%	0.5%	6.7%
Dec 08, 2019	0.3%	-1.8%	-6.5%	2.1%
Nov 08, 2019	-6.4%	-8.9%	-8.5%	2.5%
Oct 14, 2019	-8.5%	-5.2%	-5.6%	-3.3%
Sep 08, 2019	-5.6%	-6%	-5.3%	0.4%
Aug 08, 2019	-5.6%	-8.3%	-7.4%	2.7%
Jul 12, 2019	-7.3%	-4.5%	-8.5%	-2.8%
Jun 10, 2019	-8.5%	-3.8%	4%	-4.7%
May 08, 2019	4%	-3.6%	-7.6%	7.6%
Apr 12, 2019	-7.6%	-1.3%	-5.2%	-6.3%
Mar 08, 2019	-5.2%	-1.4%	-1.5%	-3.8%
Feb 14, 2019	-1.5%	-10%	-7.6%	8.5%
Jan 14, 2019	-7.6%	5%	3%	-12.6%
Dec 08, 2018	3%	14.5%	21.4%	-11.5%
Nov 08, 2018	21.4%	14%	14.3%	7.4%
Oct 12, 2018	14.3%	15%	19.9%	-0.7%
Sep 08, 2018	20%	18.7%	27.3%	1.3%
Aug 08, 2018	27.3%	16.2%	14.1%	11.1%
Jul 13, 2018	14.1%	20.8%	26%	-6.7%
Jun 08, 2018	26%	18.7%	21.5%	7.3%
May 08, 2018	21.5%	16%	14.4%	5.5%
Apr 13, 2018	14.4%	10%	6.3%	4.4%
Mar 08, 2018	6.3%	9.7%	36.8%	-3.4%
Feb 08, 2018	36.9%	9.8%	4.5%	27.1%
Jan 12, 2018	4.5%	13%	17.7%	-8.5%
Dec 08, 2017	17.7%	11.3%	17.2%	6.4%
Nov 08, 2017	17.2%	16%	18.7%	1.2%
Oct 13, 2017	18.7%	13.5%	13.3%	5.2%
Sep 08, 2017	13.3%	10%	11%	3.3%
Aug 08, 2017	11%	16.6%	17.2%	-5.6%
Jul 13, 2017	17.2%	13.1%	14.8%	4.1%
Jun 08, 2017	14.8%	8.5%	11.9%	6.3%
May 08, 2017	11.9%	18%	20.3%	-6.1%
Apr 13, 2017	20.3%	18%	38.1%	2.3%
Mar 08, 2017	38.1%	20.3%	16.7%	17.8%
Feb 10, 2017	16.7%	10%	3.1%	6.7%
Jan 13, 2017	3.1%	2.7%	4.7%	0.4%
Dec 08, 2016	6.7%	-1.3%	-1.4%	8%
Nov 08, 2016	-1.4%	-1%	-1.9%	-0.4%
Oct 13, 2016	-1.9%	1%	1.5%	-2.9%
Sep 08, 2016	1.5%	-4.9%	-12.5%	6.4%
Aug 08, 2016	-12.5%	-7%	-8.4%	-5.5%
Jul 13, 2016	-8.4%	-5%	-0.4%	-3.4%
Jun 08, 2016	-0.4%	-6%	-10.9%	5.6%
May 08, 2016	-10.9%	-5%	-7.6%	-5.9%
Apr 13, 2016	-7.6%	-10.2%	-13.8%	2.6%
Mar 08, 2016	-13.8%	-10%	-18.8%	-3.8%
Feb 15, 2016	-18.8%	-0.8%	-7.6%	-18%
Jan 13, 2016	-7.6%	-11.5%	-8.7%	3.9%
Dec 08, 2015	-8.7%	-12.6%	-18.8%	3.9%
Nov 08, 2015	-18.8%	-16%	-20.4%	-2.8%
Oct 13, 2015	-20.4%	-15%	-13.8%	-5.4%
Sep 08, 2015	-13.8%	-8.2%	-8.1%	-5.6%
Aug 08, 2015	-8.1%	-8%	-6.1%	-0.1%
Jul 13, 2015	-6.1%	-15%	-17.6%	8.9%
Jun 08, 2015	-17.6%	-10.7%	-16.2%	-6.9%
May 08, 2015	-16.2%	-12%	-12.7%	-4.2%