U.S. Imports of Goods by Customs Basis from Liberia
IMP7650 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.58
Year-over-Year Change
-45.76%
Date Range
1/1/1992 - 6/1/2025
Summary
This economic trend measures the value of goods imported to the U.S. from Liberia based on customs data. It provides insight into trade dynamics and can inform economic policy decisions.
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 Liberia series tracks the monetary value of physical goods brought into the United States from Liberia. This data is useful for analyzing trade relationships and import/export flows between the two countries.
Methodology
The data is collected by U.S. Customs and Border Protection and calculated based on the declared value of imported goods.
Historical Context
This import data is relevant for policymakers, economists, and market analysts studying international trade and economic conditions.
Key Facts
- Liberia is a major exporter of raw materials like rubber and iron ore to the U.S.
- Import values from Liberia to the U.S. peaked in 2012 at over $280 million.
- The COVID-19 pandemic caused a sharp decline in U.S. imports from Liberia in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monetary value of physical goods imported from Liberia to the United States based on customs data.
Q: Why is this trend relevant for users or analysts?
A: This import data provides insights into trade dynamics and economic relationships between the U.S. and Liberia, which is relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by U.S. Customs and Border Protection and calculated based on the declared value of imported goods.
Q: How is this trend used in economic policy?
A: This import data can inform decisions related to international trade, tariffs, and economic cooperation between the U.S. and Liberia.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all imports due to factors like informal trade or misreporting.
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Citation
U.S. Federal Reserve, U.S. Imports of Goods by Customs Basis from Liberia (IMP7650), retrieved from FRED.