Imports of Goods for Arkansas
IMPTOTAR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
456.73
Year-over-Year Change
-21.17%
Date Range
1/1/2008 - 6/1/2025
Summary
The 'Imports of Goods for Arkansas' trend measures the total value of goods imported into the state of Arkansas. This metric is closely watched by economists and policymakers to assess Arkansas' trade activity and economic integration with global markets.
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 represents the monetary value of all goods (excluding services) that are brought into the state of Arkansas from other countries. It provides insights into Arkansas' participation in international trade and can inform analyses of the state's economic performance and trade policy.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs declarations and other administrative sources.
Historical Context
Policymakers and analysts use this trend to evaluate Arkansas' trade balance, competitiveness, and exposure to global economic conditions.
Key Facts
- Arkansas imported over $12 billion in goods in 2021.
- Machinery and transportation equipment are major import categories for Arkansas.
- Imports have grown by 25% in Arkansas over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Imports of Goods for Arkansas' trend measures the total monetary value of all goods imported into the state of Arkansas from other countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Arkansas' participation in international trade and can inform analyses of the state's economic performance, competitiveness, and trade policy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on customs declarations and other administrative sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to evaluate Arkansas' trade balance, exposure to global economic conditions, and the effectiveness of trade policies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Imports of Goods for Arkansas (IMPTOTAR), retrieved from FRED.