Primary Income Receipts: Compensation of employees
Annual, Not Seasonally Adjusted
IEAXICA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,712.00
Year-over-Year Change
38.24%
Date Range
1/1/1999 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures the annual, unadjusted value of imports of motor vehicles, engines, and parts to the United States. This indicator provides insight into the scale and direction of international trade in the 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 IEAXICA series tracks the total value of motor vehicle and automotive part imports to the United States on an annual basis, without seasonal adjustments. This metric is widely used by economists and policymakers to analyze trade flows, production capacity, and consumer demand in the automotive sector.
Methodology
The data is collected by the U.S. Census Bureau through a survey of international trade transactions.
Historical Context
Trends in motor vehicle imports are closely monitored by economic analysts and policymakers for their implications on domestic manufacturing, employment, and trade balances.
Key Facts
- The U.S. imported over $300 billion in motor vehicles and parts in 2021.
- China and Mexico are the top sources of motor vehicle imports to the U.S.
- Motor vehicle imports account for over 15% of total U.S. goods imports.
FAQs
Q: What does this economic trend measure?
A: The IEAXICA series measures the total annual, unadjusted value of imports of motor vehicles, engines, and automotive parts to the United States.
Q: Why is this trend relevant for users or analysts?
A: Trends in motor vehicle imports provide important insights into international trade flows, domestic manufacturing capacity, and consumer demand in the automotive industry.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through a survey of international trade transactions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor motor vehicle import data to assess trade balances, production capabilities, and the health of the domestic automotive sector.
Q: Are there update delays or limitations?
A: The IEAXICA data is released on a monthly basis with a lag of several weeks. There may be revisions to historical data over time.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (IEAXICA), retrieved from FRED.