Import Growth
Import growth measures the rate at which a country’s imports increase over a given period.
Meaning in Practice
Import growth reflects domestic demand for foreign goods and services. It is commonly reported alongside export data. Rising imports can indicate strong consumer and business activity.
Why It Matters
Higher import growth may signal expanding domestic demand and economic strength. However, if imports outpace exports, trade deficits can widen. Policymakers assess import trends in the context of overall economic balance.
Market Impact
Strong import growth can support global trade partners but may weigh on the domestic currency if deficits widen. Markets interpret import data in combination with export performance. Bond and equity reactions depend on broader growth implications.
Example
If imports rise sharply due to increased consumer demand for foreign goods, import growth accelerates.