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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ChinaChina Imports YoY climbed to 36.0% in June 2026
FMPMonthlyReleased July 2026
China Imports YoY climbed to 36.0% in June 2026, released July 2026, up 8.6% from May's 27.4% reading. The print exceeded the 24.0% consensus by 12.0%. Imports YoY has now risen for 3 consecutive months. Over the past 3 months, Imports YoY averaged 26.35%, vs 19.23% in the prior 3-month window. Imports YoY is now the highest in 31 months.
Latest Release
36
Actual
24
Consensus
27.4
Previous
Median Absolute Error
±4.22 percentage points
across last 12 releases
Last Call
Jul 2026
Predicted: 25.2
Actual: 36
Error: -10.8
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| Hang Seng | ▲ Direct | +0.74 | INDEX | Moves with | → View |
| Nikkei 225 | ▲ Direct | +0.65 | INDEX | Moves with | → View |
| USD/CNY | ▼ Inverse | −0.61 | FOREX | Moves against | → View |
| S&P 500 | ▲ Direct | +0.57 | INDEX | Moves with | → View |
| AUD/USD | ▲ Direct | +0.56 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Imports YoY (China) was reported at 36% in July 2026. This beat the market consensus of 24% by 12%. The reading rose from the previous value of 27.4%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 13.04%, ranging from 1.3% to 36% across 9 releases. This is classified as a high-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 25.73%, up from the prior three at 9.13%. Volatility over the past year (σ 11.58%) is higher than the prior year (σ 3.83%). In July readings over the past 3 years, Imports YoY has averaged 11.6%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with Hang Seng (Bullish Hang Seng). A secondary relationship exists with Nikkei 225, positively correlated (Bullish Nikkei 225). Over the last 12 releases, the Sigmacast model's median absolute error is 4.23%.
WHAT TO WATCH NEXT
The next release is scheduled for August 7, 2026. Same-country events in the next 14 days include S&P Global Manufacturing PMI (Aug 3) and S&P Global Services PMI (Aug 5).
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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Imports YoY - CN
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About Imports YoY — China
DEFINITION
Imports YoY is a financial indicator that measures the year-over-year change in the total value of goods and services imported into a country. It provides valuable insights into a country's economic health and its trade relationships with other nations. A positive Imports YoY indicates an increase in imports, which can stimulate economic growth and consumer demand. On the other hand, a negative Imports YoY may suggest a decline in economic activity and potential trade imbalances. This indicator is closely monitored by investors, policymakers, and businesses to make informed decisions and assess the overall health of a country's economy.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2026): actual 36 %, consensus 24 %. Prior reading (May 2026): 27.4 %. Before that (Apr 2026): 25.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with Hang Seng (Bullish Hang Seng, r=0.74) — a useful reference for index-focused traders.
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EXPECTED ZONE
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Economic Calendar - CN Events
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 01:30 | CN | NBS General PMI | 49.3 | 50.6 | 50.4 | 49.85 | Low |
| 01:30 | CN | NBS Non Manufacturing PMI | 49 | 50.2 | 50 | 49.50 | Medium |
| 01:30 | CN | NBS Manufacturing PMI | 49.2 | 50.3 | 50 | 49.60 | High |