Imports of Goods for Delaware
IMPTOTDE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,021.68
Year-over-Year Change
8.32%
Date Range
1/1/2008 - 6/1/2025
Summary
The 'Imports of Goods for Delaware' metric tracks the total value of imported goods entering the state of Delaware. This trend is a key indicator of Delaware's trade activity and economic integration with the broader global economy.
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 measures the dollar value of goods imported into the state of Delaware. It provides insights into Delaware's international trade flows and economic relationships. Policymakers and analysts use this data to assess the state's trade balance, competitiveness, and exposure to external economic factors.
Methodology
The data is collected by the U.S. Census Bureau through surveys of importers and customs records.
Historical Context
Monitoring import trends helps policymakers and businesses understand Delaware's role in national and global supply chains.
Key Facts
- Delaware is a major East Coast port state.
- Imports account for over 20% of Delaware's GDP.
- Import volumes peaked in 2018 at $11.2 billion.
FAQs
Q: What does this economic trend measure?
A: The 'Imports of Goods for Delaware' metric tracks the total value of imported goods entering the state of Delaware.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Delaware's international trade flows and economic relationships, which is crucial for policymakers and businesses to understand the state's role in national and global supply chains.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of importers and customs records.
Q: How is this trend used in economic policy?
A: Monitoring import trends helps policymakers and businesses assess Delaware's trade balance, competitiveness, and exposure to external economic factors, which informs economic and trade policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a short lag, allowing for timely analysis of Delaware's import activity.
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Citation
U.S. Federal Reserve, Imports of Goods for Delaware (IMPTOTDE), retrieved from FRED.