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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Hong KongHong Kong Imports YoY climbed to -7.9% in July 2023
FMPMonthlyReleased August 2023
Hong Kong Imports YoY climbed to -7.9% in July 2023, released August 2023, up 4.4% from June's -12.3% reading. The reading matched the -8.2% consensus. Imports YoY has now risen for 3 consecutive months. Over the past 3 months, Imports YoY averaged -13.63%, vs -11.63% in the prior 3-month window. The reading is in the 37th percentile of the trailing 24-month range.
Latest Release
-7.9
Actual
-8.2
Consensus
-12.3
Previous
Median Absolute Error
±2.08 percentage points
across last 10 releases
Last Call
Aug 2023
Predicted: -8.17
Actual: -7.9
Error: -0.27
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| Hang Seng | ▲ Direct | +0.75 | INDEX | Bullish Hang Seng | → View |
| S&P 500 | ▲ Direct | +0.68 | INDEX | Bullish S&P 500 | → View |
| BTC/USD | ▲ Direct | +0.67 | CRYPTO | Bullish BTC | → View |
| XAU/USD | ▲ Direct | +0.65 | COMMODITIES | Bullish XAU | → View |
| USD/HKD | ▼ Inverse | −0.33 | FOREX | Bearish USD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Imports YoY (Hong Kong) was reported at 44.4% in May 2026. The reading rose from the previous value of 41.2%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged 22.82%, ranging from 11.1% to 44.4% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 37.47%, up from the prior three at 22.33%. Volatility over the past year (σ 10.7%) is higher than the prior year (σ 5.44%). In May readings over the past 3 years, Imports YoY has averaged 21.3%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with Hang Seng (Bullish Hang Seng). A secondary relationship exists with S&P 500, positively correlated (Bullish S&P 500). Over the last 10 releases, the Sigmacast model's median absolute error is 2.08%.
WHAT TO WATCH NEXT
The next release is scheduled for June 25, 2026.
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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Imports YoY - HK
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About Imports YoY — Hong Kong
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. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Apr 2026): actual 44.4 %. Prior reading (Mar 2026): 41.2 %. Before that (Feb 2026): 29.9 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially 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=0.75) — a useful reference for index-focused traders.