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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 | Co-movement | Action |
|---|---|---|---|---|---|
| Hang Seng | ▲ Direct | +0.77 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.75 | CRYPTO | Moves with | → View |
| S&P 500 | ▲ Direct | +0.68 | INDEX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.63 | COMMODITIES | Moves with | → View |
| USD/HKD | ▼ Inverse | −0.36 | FOREX | Moves against | → 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 45.4% in July 2026. The reading rose from the previous value of 42%. Trailing 12-month context per ETL data through July 2026. Over the past 12 months, the indicator has averaged 28.04%, ranging from 11.5% to 45.4% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 43.93%, up from the prior three at 32.87%. Volatility over the past year (σ 12.37%) is higher than the prior year (σ 6.31%). In July readings over the past 3 years, Imports YoY has averaged 21.83%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with Hang Seng (Bullish Hang Seng). A secondary relationship exists with BTC/USD, positively correlated (Bullish BTC). 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 August 25, 2026.
Auto-generated from current model state · Refreshes on each release · Last update July 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 (Jun 2026): actual 45.4 %. Prior reading (May 2026): 42 %. Before that (Apr 2026): 44.4 %.
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=0.77) — a useful reference for index-focused traders.
Σ
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Economic Calendar - HK Events
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:30 | HK | GDP Growth Rate YoY | 4.3 | 5.9 | 4.8 | 5.28 | Low |
| 08:30 | HK | Gross Domestic Product YoY | 4.3 | 5.9 | 4.8 | 5.28 | Low |
| 08:30 | HK | Gross Domestic Product QoQ | -0.6 | 2.9 | -0.3 | -0.45 | Low |
| 08:30 | HK | GDP Growth Rate QoQ | -0.6 | 2.9 | -0.3 | 0.00 | Low |
| Tuesday, August 4, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:30 | HK | Retail Sales YoY | 4.8 | 3.4 | 6.40 | Low | |