Balance on goods and services
Quarterly, Not Seasonally Adjusted
IEABCGSN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-351,042.00
Year-over-Year Change
47.00%
Date Range
1/1/1999 - 1/1/2025
Summary
The Quarterly, Not Seasonally Adjusted economic trend measures the value of imports of automobiles, parts, and engines into the United States. This data is crucial for understanding trade dynamics and the health of the U.S. automotive 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
The Quarterly, Not Seasonally Adjusted series tracks the dollar value of automobiles, parts, and engines imported into the United States on a quarterly basis. This data is used by economists, policymakers, and industry analysts to assess the competitiveness of U.S. automakers and the flow of trade in the automotive sector.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs declarations.
Historical Context
This trend provides important insights into the U.S. trade balance and the competitiveness of American manufacturers.
Key Facts
- The value of auto imports to the U.S. was $344 billion in 2022.
- Imports of auto parts make up over 60% of total automotive imports.
- China is the largest source of auto imports to the United States.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Not Seasonally Adjusted trend measures the value of automobiles, parts, and engines imported into the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding trade dynamics and the health of the U.S. automotive industry, as it provides insights into the competitiveness of American automakers and the flow of trade in the sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on customs declarations.
Q: How is this trend used in economic policy?
A: This trend provides important insights into the U.S. trade balance and is used by policymakers, economists, and industry analysts to assess the competitiveness of American manufacturers.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with some delay between the end of the quarter and the release of the latest figures.
Related Trends
Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (IEABCGSN), retrieved from FRED.