水货
shuǐ huò · HSK 7
smuggled goods
📦 水 water + 货 goods = water goods, the kind that slip in by boat without paying customs
水 — pictograph of flowing water
水 is a pictograph depicting a stream of flowing water, with the central line representing the main current and the side strokes showing splashing droplets or ripples. In oracle bone script it was drawn even more clearly as a wavy vertical line with branches. It retains its original meaning of 'water' and also serves as a radical, often appearing in the compressed form 氵.
货 — 化 (huà, phonetic) + 貝 (shell, money)
A semantic-phonetic compound: 貝 (cowrie shell) signals money or commerce, while 化 supplies the sound. Cowries served as ancient Chinese currency, so 货 originally meant valuables exchanged for shells, later broadening to 'goods' or 'merchandise'.