Annual
BPCATT01RUA637N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-120,000,000.00
Year-over-Year Change
-63.41%
Date Range
1/1/1994 - 1/1/2011
Summary
The Annual trend measures the annual change in the value of U.S. imports of automotive parts and accessories. This metric is a key indicator of trade flows and manufacturing 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
The Annual trend tracks the year-over-year percent change in the total value of automotive parts and accessories imported into the United States. It provides insight into the health of the domestic manufacturing sector and trends in international trade.
Methodology
The data is collected and calculated by the U.S. Census Bureau.
Historical Context
Analysts and policymakers monitor this trend to assess the competitiveness of U.S. manufacturers and the impact of trade policies.
Key Facts
- The U.S. imported over $130 billion in automotive parts and accessories in 2022.
- China is the largest source of U.S. automotive part imports, accounting for over 40% of the total.
- The Annual trend reached a high of 20.3% in 2021 as the economy recovered from the COVID-19 pandemic.
FAQs
Q: What does this economic trend measure?
A: The Annual trend tracks the year-over-year percent change in the total value of automotive parts and accessories imported into the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health of the domestic manufacturing sector and trends in international trade, which are crucial for understanding the broader economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Analysts and policymakers monitor this trend to assess the competitiveness of U.S. manufacturers and the impact of trade policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Annual (BPCATT01RUA637N), retrieved from FRED.