Import Price Index by Origin (NAICS): Other Miscellaneous Manufacturing for Pacific Rim
COPRIMZ3399 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106.70
Year-over-Year Change
2.60%
Date Range
6/1/2012 - 6/1/2025
Summary
The Import Price Index by Origin (NAICS): Other Miscellaneous Manufacturing for Pacific Rim measures changes in the prices of imported goods from the Pacific Rim in the other miscellaneous manufacturing industry. This index is a key indicator of international trade and competitiveness.
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 imports from the Pacific Rim for products classified under the North American Industry Classification System (NAICS) as other miscellaneous manufacturing. It provides insight into inflationary pressures and the cost-competitiveness of U.S. manufacturers relative to their Pacific Rim counterparts.
Methodology
The data is collected through surveys of U.S. companies that import goods and calculated using a Laspeyres formula.
Historical Context
Policymakers and analysts use this index to assess the impacts of trade policies, exchange rate fluctuations, and global supply chain dynamics.
Key Facts
- The index base period is December 2020 = 100.
- Imports from the Pacific Rim account for over 40% of total U.S. imports.
- The index reached a record high in August 2022.
FAQs
Q: What does this economic trend measure?
A: The Import Price Index by Origin (NAICS): Other Miscellaneous Manufacturing for Pacific Rim measures changes in the prices of imported goods from the Pacific Rim in the other miscellaneous manufacturing industry.
Q: Why is this trend relevant for users or analysts?
A: This index provides insight into inflationary pressures and the cost-competitiveness of U.S. manufacturers relative to their Pacific Rim counterparts, which is crucial for policymakers and analysts assessing trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. companies that import goods and calculated using a Laspeyres formula.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this index to assess the impacts of trade policies, exchange rate fluctuations, and global supply chain dynamics.
Q: Are there update delays or limitations?
A: The index is published monthly by the U.S. Federal Reserve with a typical delay of around two weeks.
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Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Other Miscellaneous Manufacturing for Pacific Rim (COPRIMZ3399), retrieved from FRED.