Balance of trade · China
China Imports YoY
The China Imports YoY shows the difference between the value of goods (and sometimes services) that China sells abroad and what it buys from abroad, or the growth of exports and imports.
- Importance
- Medium
- Released
- Monthly
- Next release
- Currency
- CNH · Chinese yuan (renminbi)
- Central bank
- The People's Bank of China
Latest figures
The latest release for SEP, published on 14 October 2026, came in at 31%, above the consensus of 24.5%, up from 28.2% the time before.
Over the last 12 releases it ranged from 1% to 36%, averaging 20%; it has been rising for three releases in a row.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 14 Oct 2026 | SEP | 31% | 24.5% | 28.2% |
| 8 Sep 2026 | AUG | 28.2% | 30% | 27.5% |
| 7 Aug 2026 | JUL | 27.5% | 27.9% | 36% |
| 14 Jul 2026 | JUN | 36% | 24% | 27.4% |
| 9 Jun 2026 | MAY | 27.4% | 25% | 25.3% |
| 9 May 2026 | APR | 25.3% | 15.2% | 27.8% |
| 14 Apr 2026 | MAR | 27.8% | 11.1% | 13.8% ® |
| 10 Mar 2026 | JAN-FEB | 19.8% | 6.3% | 5.7% |
| 14 Jan 2026 | DEC | 5.7% | 0.9% | 1.9% |
| 8 Dec 2025 | NOV | 1.9% | 2.8% | 1% |
| 7 Nov 2025 | OCT | 1% | 3.2% | 7.4% |
| 13 Oct 2025 | SEP | 7.4% | 1.5% | 1.3% |
Why it matters
Exports are a big part of demand for open economies (Germany, China, Japan, Korea, the Netherlands). A larger surplus means more foreign demand for the Chinese yuan (renminbi); strong imports signal domestic demand. China's figures are read as a gauge of world demand.
How it is calculated
Customs records the value of goods crossing the border; services come from surveys. The balance is exports minus imports, usually seasonally adjusted.
Trade balance = exports − importsWhat changes mean
- Look at exports and imports separately: a wider surplus from collapsing imports is a sign of weak domestic demand, not strength.
- Exchange-rate moves take months to affect trade volumes (the J-curve).
Higher than expected: A larger surplus (or smaller deficit) than expected tends to support the Chinese yuan (renminbi).
Lower than expected: A smaller surplus (or larger deficit) than expected tends to weigh on the Chinese yuan (renminbi).
A short history
Trade balances were the obsession of mercantilism in the 16th–18th centuries; David Hume's price-specie flow mechanism (1752) explained why surpluses tend to correct themselves.
Questions
What is the China Imports YoY?
The China Imports YoY shows the difference between the value of goods (and sometimes services) that China sells abroad and what it buys from abroad, or the growth of exports and imports.
What was the latest China Imports YoY?
31% for SEP, published on 14 October 2026 (consensus 24.5%, previous 28.2%).
When is the next China Imports YoY?
On Tuesday 10 November 2026 at 03:00 UTC.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.