U.S. Imports of Goods by Customs Basis from Panama
IMP2250 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
40.49
Year-over-Year Change
-42.42%
Date Range
1/1/1985 - 6/1/2025
Summary
This economic trend measures the total value of goods imported into the United States from Panama on a customs basis. It provides insights into trade flows and the strength of the U.S.-Panama economic relationship.
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 U.S. Imports of Goods by Customs Basis from Panama series tracks the dollar value of merchandise imported into the U.S. from Panama. This data is collected and reported by the U.S. Census Bureau and is a key indicator of bilateral trade patterns and the health of the import-export economy.
Methodology
The data is collected through the U.S. Customs and Border Protection's automated systems and reporting processes.
Historical Context
This trend is closely monitored by policymakers, trade analysts, and market participants to assess the state of U.S.-Panama commercial ties and the broader regional trade environment.
Key Facts
- Panama is the United States' 35th largest goods trading partner.
- The U.S. had a $5.4 billion goods trade surplus with Panama in 2021.
- The U.S. and Panama have a free trade agreement in effect since 2012.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods imported into the United States from Panama on a customs basis, providing insights into bilateral trade flows.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely monitored by policymakers, trade analysts, and market participants to assess the state of U.S.-Panama commercial ties and the broader regional trade environment.
Q: How is this data collected or calculated?
A: The data is collected through the U.S. Customs and Border Protection's automated systems and reporting processes.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to evaluate the health of the U.S.-Panama trade relationship and inform decisions related to trade agreements, tariffs, and other commercial policies.
Q: Are there update delays or limitations?
A: The data is published monthly by the U.S. Census Bureau, with some potential for minor revisions in subsequent releases.
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Citation
U.S. Federal Reserve, U.S. Imports of Goods by Customs Basis from Panama (IMP2250), retrieved from FRED.