Imports of Goods: Non-Manufactured Commodities for Alabama
IMPNONAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
263.26
Year-over-Year Change
-2.28%
Date Range
1/1/2008 - 6/1/2025
Summary
The 'Imports of Goods: Non-Manufactured Commodities for Alabama' series tracks the value of non-manufactured goods imported into Alabama. This metric provides insight into the state's trade flows and economic activity.
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 indicator measures the dollar value of imports of non-manufactured commodities, such as raw materials and agricultural products, into the state of Alabama. It is used by economists and policymakers to analyze trends in the state's trade balance and understand the composition of its import-export activity.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of importers and customs records.
Historical Context
This metric is relevant for assessing Alabama's economic conditions and can inform state-level trade and industrial policies.
Key Facts
- Alabama's imports of non-manufactured goods were valued at $X.XX billion in the latest period.
- The state's non-manufactured imports have increased by Y% over the past Z years.
- Agriculture and mining products account for the majority of Alabama's non-manufactured imports.
FAQs
Q: What does this economic trend measure?
A: The 'Imports of Goods: Non-Manufactured Commodities for Alabama' series tracks the value of non-manufactured goods, such as raw materials and agricultural products, imported into the state of Alabama.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Alabama's trade flows and the composition of its import activities, which is useful for economists and policymakers analyzing the state's economic conditions and trade policies.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of importers and customs records.
Q: How is this trend used in economic policy?
A: This metric can inform state-level trade and industrial policies in Alabama by providing information on the state's import activity and trade balance.
Q: Are there update delays or limitations?
A: There may be lag times in the data reporting, and the metric may not capture all non-manufactured imports into the state.
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Citation
U.S. Federal Reserve, Imports of Goods: Non-Manufactured Commodities for Alabama (IMPNONAL), retrieved from FRED.