U.S. Imports of Goods by Customs Basis from Guinea
IMP7460 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.49
Year-over-Year Change
-13.00%
Date Range
1/1/1992 - 6/1/2025
Summary
This economic trend measures the value of U.S. imports of goods from Guinea on a customs basis. Understanding trade flows with developing economies is crucial for policymakers and economists analyzing global trade patterns.
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 Guinea metric represents the total dollar value of physical goods imported into the United States from Guinea. This data is used to track bilateral trade between the two countries and assess Guinea's role in U.S. import markets.
Methodology
The data is collected by the U.S. Census Bureau through customs declarations and other administrative sources.
Historical Context
Trends in U.S. imports from Guinea are monitored by trade analysts, policymakers, and international institutions to assess the state of economic ties between the two nations.
Key Facts
- Guinea is a low-income country in West Africa.
- The U.S. was Guinea's 4th largest import market in 2020.
- Imports from Guinea are dominated by raw materials and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of physical goods imported into the United States from Guinea on a customs basis.
Q: Why is this trend relevant for users or analysts?
A: Tracking U.S. imports from Guinea is crucial for understanding bilateral trade flows and Guinea's role in global supply chains.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through customs declarations and other administrative sources.
Q: How is this trend used in economic policy?
A: Trends in U.S. imports from Guinea are monitored by trade analysts, policymakers, and international institutions to assess the state of economic ties between the two countries.
Q: Are there update delays or limitations?
A: The data is subject to typical publication lags for U.S. trade statistics, with a delay of several months between the reference period and data release.
Related Trends
Bank Z-Score for Guinea
DDSI01GNA645NWDB
People 15 Years and Over Saving at a Financial Institution in the Past Year for Guinea
DDAI06GNA156NWDB
Use of Financial Services: Number of Loan Accounts for Households at Credit Unions and Financial Cooperatives for Guinea
GINFCNODUHNUM
Bank Deposits to GDP for Guinea
DDOI02GNA156NWDB
Value of Exports to Guinea from Illinois
ILGINA052SCEN
Net Lending/borrowing of General Government for Guinea
GINGGXCNLG01GDPPT
Citation
U.S. Federal Reserve, U.S. Imports of Goods by Customs Basis from Guinea (IMP7460), retrieved from FRED.