U.S. Imports of Goods by Customs Basis from Saudi Arabia
IMP5170 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
972.59
Year-over-Year Change
0.43%
Date Range
1/1/1985 - 6/1/2025
Summary
This economic trend measures the value of goods imported into the United States from Saudi Arabia on a customs basis. It provides insights into the trade relationship and commercial activity 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 Saudi Arabia series tracks the monetary value of physical goods shipped from Saudi Arabia and cleared through U.S. customs. This metric is used by economists and policymakers to analyze trade flows, balance of payments, and commercial interdependence.
Methodology
The data is collected by the U.S. Census Bureau through its international trade monitoring systems.
Historical Context
This economic indicator is closely watched by trade analysts and government agencies to assess the state of U.S.-Saudi commercial relations.
Key Facts
- Saudi Arabia is one of the top sources of U.S. goods imports.
- U.S. imports from Saudi Arabia consist primarily of crude oil and refined petroleum products.
- The value of U.S. imports from Saudi Arabia has fluctuated with global energy prices.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monetary value of physical goods imported into the United States from Saudi Arabia and cleared through U.S. customs.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade relationship and commercial activity between the U.S. and Saudi Arabia, which is important for economists and policymakers analyzing trade flows and commercial interdependence.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through its international trade monitoring systems.
Q: How is this trend used in economic policy?
A: This economic indicator is closely watched by trade analysts and government agencies to assess the state of U.S.-Saudi commercial relations and inform policymaking.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedules and potential revisions of the U.S. Census Bureau's international trade reporting.
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Citation
U.S. Federal Reserve, U.S. Imports of Goods by Customs Basis from Saudi Arabia (IMP5170), retrieved from FRED.