Import Price Index by Origin (NAICS): Chemical Manufacturing for Pacific Rim
COPRIMZ325 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
98.60
Year-over-Year Change
-4.18%
Date Range
6/1/2012 - 6/1/2025
Summary
The Import Price Index by Origin (NAICS): Chemical Manufacturing for Pacific Rim measures changes in the prices of chemical manufacturing imports from the Pacific Rim region. This index is a key indicator of global trade and competitiveness for the U.S. chemical industry.
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 prices of imported chemical products from Pacific Rim countries, which are a major source of U.S. chemical imports. It provides insight into international price dynamics and supply chain factors affecting the domestic chemical manufacturing sector.
Methodology
The data is collected through surveys of U.S. importers and calculated using Laspeyres index methodology.
Historical Context
Policymakers and industry analysts use this index to monitor the international competitiveness of the U.S. chemical industry.
Key Facts
- The Pacific Rim is a major source of U.S. chemical imports.
- Chemical manufacturing is a key sector of the U.S. economy.
- Changes in import prices can impact domestic industry competitiveness.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of chemical manufacturing imports from the Pacific Rim region to the United States.
Q: Why is this trend relevant for users or analysts?
A: This index provides insights into global trade dynamics and supply chain factors affecting the domestic chemical industry, which is important for policymakers and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. importers and calculated using Laspeyres index methodology.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this index to monitor the international competitiveness of the U.S. chemical industry and inform trade and economic policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical update delay of approximately two weeks.
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Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Chemical Manufacturing for Pacific Rim (COPRIMZ325), retrieved from FRED.