Imports of Goods for Mississippi
IMPTOTMS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,627.47
Year-over-Year Change
-11.62%
Date Range
1/1/2008 - 6/1/2025
Summary
The Imports of Goods for Mississippi metric tracks the total value of goods imported into the state of Mississippi. This data is crucial for understanding the state's international trade activity and economic integration.
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
The Imports of Goods for Mississippi series measures the dollar value of all merchandise imported directly into the state of Mississippi from foreign countries. This metric provides insight into the state's participation in global supply chains and its reliance on imported goods and materials.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and economists use this trend to assess Mississippi's trade balance, competitiveness, and exposure to international economic conditions.
Key Facts
- Mississippi imported $7.8 billion in goods in 2021.
- Top imported products include machinery, vehicles, and chemical products.
- Imports have grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Imports of Goods for Mississippi metric tracks the total value of merchandise imported directly into the state from foreign countries.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Mississippi's participation in global trade and supply chains, which is crucial for understanding the state's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected 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 economists use this trend to assess Mississippi's trade balance, international competitiveness, and exposure to global economic conditions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, so it may not reflect the most recent trade activity.
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Citation
U.S. Federal Reserve, Imports of Goods for Mississippi (IMPTOTMS), retrieved from FRED.