Import Price Index by Origin (NAICS): Manufacturing, Part 3 for Pacific Rim
COPRIMZ33 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.10
Year-over-Year Change
-0.21%
Date Range
6/1/2012 - 6/1/2025
Summary
The Import Price Index by Origin (NAICS): Manufacturing, Part 3 for Pacific Rim measures changes in the prices of manufactured goods imported to the U.S. from Pacific Rim countries. This index is a key indicator of international trade dynamics and global supply chain pressures.
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 Import Price Index by Origin (NAICS): Manufacturing, Part 3 for Pacific Rim is part of the broader Import Price Index, which tracks the prices of a wide range of imported goods and services. This specific index focuses on manufactured products from the Pacific Rim region, providing insight into trade relationships and the competitiveness of U.S. industries.
Methodology
The data is collected through surveys of importers and calculated using a Laspeyres formula.
Historical Context
This index is closely monitored by policymakers, economists, and businesses to understand the impact of global trade and exchange rate movements on domestic industries and inflation.
Key Facts
- The index has a base year of 2000 = 100.
- The Pacific Rim region includes China, Japan, South Korea, and other Asian economies.
- The index is released monthly by the U.S. Bureau of Labor Statistics.
FAQs
Q: What does this economic trend measure?
A: The Import Price Index by Origin (NAICS): Manufacturing, Part 3 for Pacific Rim measures changes in the prices of manufactured goods imported to the U.S. from the Pacific Rim region.
Q: Why is this trend relevant for users or analysts?
A: This index provides important insights into global trade dynamics, supply chain pressures, and the competitiveness of U.S. industries relative to Pacific Rim competitors.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers and calculated using a Laspeyres formula.
Q: How is this trend used in economic policy?
A: This index is closely monitored by policymakers, economists, and businesses to understand the impact of global trade and exchange rate movements on domestic industries and inflation.
Q: Are there update delays or limitations?
A: The index is released monthly by the U.S. Bureau of Labor Statistics with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Manufacturing, Part 3 for Pacific Rim (COPRIMZ33), retrieved from FRED.