Imports of Goods and Services: Balance of Payments Basis
BOPTIMP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
337,475.00
Year-over-Year Change
-1.39%
Date Range
1/1/1992 - 6/1/2025
Summary
The 'Imports of Goods and Services: Balance of Payments Basis' trend measures the value of goods and services imported into the United States. This metric is a key indicator of trade balance and economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This series represents the total value of all goods and services imported into the U.S. economy, including merchandise, travel, transportation, intellectual property, and other private services. Economists closely monitor import levels as they impact trade balances, domestic prices, and consumer purchasing power.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative sources.
Historical Context
Policymakers and analysts use this metric to assess the health of the U.S. economy and international trade position.
Key Facts
- Imports of goods and services reached $3.34 trillion in 2021.
- Merchandise imports account for about 75% of total U.S. imports.
- Import growth typically indicates expanding domestic demand.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all goods and services imported into the United States economy, including merchandise, travel, transportation, and other private services.
Q: Why is this trend relevant for users or analysts?
A: Imports are a key indicator of trade balance, domestic prices, and consumer purchasing power, making this metric highly relevant for economists, policymakers, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis based on surveys and administrative sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the U.S. economy and international trade position, informing decisions on trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is released monthly with a lag of approximately two months, and may be subject to revisions as more complete information becomes available.
Related Trends
Advance U.S. International Trade in Goods: Imports: Other Goods
AITGIOS
Advance U.S. International Trade in Goods: Imports: Consumer Goods
AITGIGS
Primary income payments
IEAMI
Imports of Services
IEAMS
U.S. Imports of Goods by Customs Basis from China
IMPCH
U.S. Imports of Goods by Customs Basis from Japan
IMPJP
Citation
U.S. Federal Reserve, Imports of Goods and Services: Balance of Payments Basis (BOPTIMP), retrieved from FRED.