Import Price Index by Origin (NAICS): Seafood Product Preparation and Packaging for Pacific Rim
COPRIMZ3117 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.60
Year-over-Year Change
7.43%
Date Range
6/1/2012 - 7/1/2025
Summary
The Import Price Index by Origin (NAICS): Seafood Product Preparation and Packaging for Pacific Rim measures changes in the prices of imported seafood products from the Pacific Rim region. This index is an important indicator for policymakers and economists monitoring trade flows and the impacts of tariffs or exchange rates.
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 index tracks the monthly price changes of imported seafood products, including fish, crustaceans, and mollusks, that are prepared or packaged in the Pacific Rim region. It is a key data point for understanding the dynamics of the international seafood trade and its effects on domestic industries and consumers.
Methodology
The data is collected through surveys of importers and compiled by the U.S. Bureau of Labor Statistics.
Historical Context
Analysts and policymakers use this index to assess the competitiveness of domestic seafood producers and the potential inflationary pressures from rising import costs.
Key Facts
- The index has a base year of 2000.
- Seafood imports from the Pacific Rim account for over 50% of total U.S. seafood imports.
- The index has risen by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The Import Price Index by Origin (NAICS): Seafood Product Preparation and Packaging for Pacific Rim measures the monthly changes in prices of imported seafood products from the Pacific Rim region.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator for understanding the dynamics of the international seafood trade and its effects on domestic industries and consumers. It provides insights into the competitiveness of domestic seafood producers and potential inflationary pressures from rising import costs.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers and compiled by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this index to assess the competitiveness of domestic seafood producers and the potential inflationary pressures from rising import costs, which can inform trade policies and industry support measures.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two weeks.
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Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Seafood Product Preparation and Packaging for Pacific Rim (COPRIMZ3117), retrieved from FRED.