U.S. Imports of Goods by Customs Basis from Dominican Republic
IMP2470 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
685.02
Year-over-Year Change
0.83%
Date Range
1/1/1985 - 6/1/2025
Summary
This economic trend measures the value of goods imported into the United States from the Dominican Republic on a customs basis. It provides insight into trade flows and the economic relationship between the two countries.
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 Dominican Republic series tracks the dollar value of merchandise imported into the U.S. from the Dominican Republic. This metric is used by economists and policymakers to analyze trade patterns, competitiveness, and the broader economic relationship between the nations.
Methodology
The U.S. Census Bureau collects this data through its import documentation and commodity classification systems.
Historical Context
This import trend data informs trade policy discussions and negotiations between the U.S. and Dominican Republic.
Key Facts
- The U.S. is the Dominican Republic's largest trading partner.
- In 2021, U.S. imports from the Dominican Republic totaled $7.1 billion.
- Textiles and apparel are major categories of U.S. imports from the Dominican Republic.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of goods imported into the United States from the Dominican Republic on a customs basis.
Q: Why is this trend relevant for users or analysts?
A: This import data provides insights into trade flows and the economic relationship between the U.S. and Dominican Republic, informing trade policy and business decisions.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through its import documentation and commodity classification systems.
Q: How is this trend used in economic policy?
A: This import trend data informs trade policy discussions and negotiations between the U.S. and Dominican Republic.
Q: Are there update delays or limitations?
A: The data is subject to typical government reporting lags but provides a reliable, comprehensive view of U.S. imports from the Dominican Republic.
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Citation
U.S. Federal Reserve, U.S. Imports of Goods by Customs Basis from Dominican Republic (IMP2470), retrieved from FRED.