Imports of Goods for Arizona
IMPTOTAZ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,060.74
Year-over-Year Change
56.57%
Date Range
1/1/2008 - 6/1/2025
Summary
The 'Imports of Goods for Arizona' trend measures the total value of goods imported into the state of Arizona. This metric is important for economists and policymakers to assess the state's economic activity and trade dynamics.
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 total dollar value of all physical goods imported into Arizona from other U.S. states and foreign countries. It provides insights into the state's participation in national and global supply chains, consumer demand, and manufacturing activity.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and businesses monitor this trend to understand Arizona's economic position and guide decisions on infrastructure, trade policies, and economic development.
Key Facts
- Arizona is a major trade hub, receiving over $58 billion in imported goods annually.
- Imports account for over 15% of Arizona's gross state product.
- The top imported goods are motor vehicles, machinery, and electronic equipment.
FAQs
Q: What does this economic trend measure?
A: The 'Imports of Goods for Arizona' trend measures the total dollar value of all physical goods imported into the state of Arizona from other U.S. states and foreign countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Arizona's participation in national and global supply chains, consumer demand, and manufacturing activity, which are important for policymakers and businesses to monitor.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and businesses monitor this trend to understand Arizona's economic position and guide decisions on infrastructure, trade policies, and economic development.
Q: Are there update delays or limitations?
A: The data is typically released 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 Arizona (IMPTOTAZ), retrieved from FRED.