Imports of Goods: General Merchandise: Industrial supplies and materials
IEAMGI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
176,953.00
Year-over-Year Change
-9.89%
Date Range
1/1/1999 - 1/1/2025
Summary
This trend measures the value of general merchandise imports of industrial supplies and materials into the United States. It is a key indicator of the strength of the U.S. manufacturing and industrial sectors.
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 Imports of Goods: General Merchandise: Industrial Supplies and Materials series tracks the dollar value of these imports, providing insights into the health of domestic production, trade flows, and economic conditions.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of international trade transactions.
Historical Context
This metric is closely watched by economists, policymakers, and businesses to assess the state of the U.S. industrial economy and global supply chains.
Key Facts
- Imports of industrial supplies and materials account for over 25% of total U.S. goods imports.
- The value of these imports peaked in 2018 at $623 billion.
- The COVID-19 pandemic caused a sharp decline in 2020 before a partial recovery in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of general merchandise imports of industrial supplies and materials into the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health of the U.S. manufacturing and industrial sectors, as well as global trade flows and supply chain dynamics.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of international trade transactions.
Q: How is this trend used in economic policy?
A: This metric is closely watched by economists, policymakers, and businesses to assess the state of the U.S. industrial economy and global supply chains.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Imports of Goods: General Merchandise: Industrial supplies and materials (IEAMGI), retrieved from FRED.