Imports of Goods: Non-Manufactured Commodities for North Carolina
IMPNONNC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
452.68
Year-over-Year Change
81.31%
Date Range
1/1/2008 - 6/1/2025
Summary
The Imports of Goods: Non-Manufactured Commodities for North Carolina measures the value of non-manufactured goods imported into North Carolina. This metric is important for understanding the state's trade dynamics 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 series tracks the value of non-manufactured commodities, such as agricultural products and raw materials, imported into North Carolina. It provides insights into the state's reliance on external supplies and its participation in global trade networks.
Methodology
The data is collected by the U.S. Census Bureau through surveys of international trade transactions.
Historical Context
This metric is used by policymakers, economists, and market analysts to assess North Carolina's trade balance and competitiveness.
Key Facts
- North Carolina is a major importer of non-manufactured goods.
- The value of these imports has fluctuated significantly over time.
- Changes in non-manufactured commodity imports can signal shifts in the state's industrial and agricultural sectors.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of non-manufactured goods, such as agricultural products and raw materials, imported into the state of North Carolina.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into North Carolina's trade dynamics and dependence on external supplies, which is important for understanding the state's economic activity and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of international trade transactions.
Q: How is this trend used in economic policy?
A: Policymakers, economists, and market analysts use this metric to assess North Carolina's trade balance and competitiveness, which can inform economic development strategies and trade policies.
Q: Are there update delays or limitations?
A: The data may be subject to periodic revisions and can have a delay in reporting, as it relies on survey-based information from the Census Bureau.
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Citation
U.S. Federal Reserve, Imports of Goods: Non-Manufactured Commodities for North Carolina (IMPNONNC), retrieved from FRED.