U.S. Imports of Goods by Customs Basis from Bolivia
IMP3350 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
57.95
Year-over-Year Change
50.91%
Date Range
1/1/1992 - 6/1/2025
Summary
The U.S. Imports of Goods by Customs Basis from Bolivia measures the dollar value of U.S. imports of goods from Bolivia, which is a key indicator of trade dynamics 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
This economic trend represents the value of merchandise goods imported from Bolivia to the United States based on customs valuation. It is used to analyze trade flows, balance of payments, and economic relationships between the two countries.
Methodology
The data is collected by the U.S. Census Bureau from customs declarations and other administrative records.
Historical Context
This import data is relevant for policymakers, analysts, and businesses to understand trade patterns and evaluate the commercial relationship between the U.S. and Bolivia.
Key Facts
- Bolivia is a major South American exporter of natural gas, minerals, and agricultural products.
- U.S. imports from Bolivia have grown by over 50% in the past decade.
- The U.S. runs a trade deficit with Bolivia, reflecting higher imports than exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of merchandise goods imported from Bolivia to the United States based on customs valuation.
Q: Why is this trend relevant for users or analysts?
A: This import data is relevant for understanding trade dynamics, balance of payments, and the commercial relationship between the U.S. and Bolivia.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau from customs declarations and other administrative records.
Q: How is this trend used in economic policy?
A: This import data is used by policymakers, economists, and businesses to analyze trade patterns and evaluate the economic relationship between the two countries.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately 2 months.
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Citation
U.S. Federal Reserve, U.S. Imports of Goods by Customs Basis from Bolivia (IMP3350), retrieved from FRED.