All Employees: Trade, Transportation, and Utilities in Illinois
Monthly, Seasonally Adjusted
ILTRAD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,219.30
Year-over-Year Change
-0.31%
Date Range
1/1/1990 - 6/1/2025
Summary
The Monthly, Seasonally Adjusted Imports of Goods and Services trend measures the total value of goods and services imported into the United States on a monthly basis, with seasonal fluctuations accounted for. This metric is a key indicator of international trade and economic activity.
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 and Services trend represents the monetary value of all products and services purchased from foreign suppliers by U.S. residents. It is a core component of the country's balance of trade and a widely tracked economic indicator used to assess trade dynamics, consumer demand, and global competitiveness.
Methodology
The data is collected through surveys of U.S. importers and compiled by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and economists closely monitor this metric to understand the flow of goods, services, and capital into the domestic economy and its implications for economic performance and trade policy.
Key Facts
- Imports account for over 15% of U.S. gross domestic product.
- China is the largest source of U.S. imports, making up over 20% of the total.
- Imports have grown significantly faster than exports in recent decades.
FAQs
Q: What does this economic trend measure?
A: The Imports of Goods and Services trend measures the total monetary value of all products and services purchased from foreign suppliers by U.S. residents on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of international trade, consumer demand, and economic activity, providing insights into the flow of goods, services, and capital into the domestic economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. importers and compiled by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to understand trade dynamics and its implications for economic performance and trade policy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Imports of Goods and Services (ILTRAD), retrieved from FRED.