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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 |
|---|---|---|---|---|---|
| XAU/USD | ▲ Direct | +0.63 | COMMODITIES | Moves with | → View |
| BTC/USD | ▲ Direct | +0.62 | CRYPTO | Moves with | → View |
| Hang Seng | ▲ Direct | +0.58 | INDEX | Moves with | → View |
| S&P 500 | ▲ Direct | +0.55 | INDEX | Moves with | → View |
| USD/HKD | ▼ Inverse | −0.38 | 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 41% in August 2026. The reading fell from the previous value of 45.4%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged 30.26%, ranging from 11.5% to 45.4% across 11 releases.
WHY IT MATTERS
The trailing three releases averaged 42.8%, up from the prior three at 37.47%. Volatility over the past year (σ 12.3%) is higher than the prior year (σ 6.67%). In August readings over the past 3 years, Imports YoY has averaged 22.47%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with XAU/USD (Bullish XAU). 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 September 24, 2026.
Auto-generated from current model state · Refreshes on each release · Last update August 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 (Jul 2026): actual 41 %. Prior reading (Jun 2026): 45.4 %. Before that (May 2026): 42 %.
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 XAU/USD (Bullish XAU, r=0.63) — a useful reference for commodities-focused traders.
Σ
EXPECTED ZONE
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Economic Calendar - HK Events
| Thursday, September 17, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 00:00 | HK | Interest Rate Decision | 4 | 4.25 | 4.25 | Low | |
| 08:30 | HK | Unemployment Rate | 3.7 | 3.7 | 3.70 | Low | |