Imports of Goods for North Carolina
IMPTOTNC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,230.50
Year-over-Year Change
-13.15%
Date Range
1/1/2008 - 6/1/2025
Summary
The 'Imports of Goods for North Carolina' trend measures the total value of goods imported into the state of North Carolina. This economic indicator provides insights into the state's international trade activities and integration with global supply chains.
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 merchandise imported into North Carolina from other countries. It is a key statistic for understanding the state's international economic relationships and dependence on foreign trade.
Methodology
The data is collected and published by the U.S. Census Bureau based on customs declarations and other trade reporting.
Historical Context
Policymakers and analysts use this metric to evaluate North Carolina's trade balance, competitiveness, and economic resilience.
Key Facts
- North Carolina is a major agricultural exporter, with significant imports of machinery and consumer goods.
- Imports of goods to North Carolina have grown steadily over the past decade.
- The top import sources for North Carolina are China, Mexico, and Germany.
FAQs
Q: What does this economic trend measure?
A: The 'Imports of Goods for North Carolina' metric tracks the total monetary value of merchandise imported into the state from other countries.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into North Carolina's international trade relationships and dependence on foreign goods, which is important for evaluating the state's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data based on customs declarations and other trade reporting mechanisms.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess North Carolina's trade balance, identify key trading partners, and understand the state's integration with global supply chains.
Q: Are there update delays or limitations?
A: This data is published with a lag, typically 2-3 months after the reference period. There may also be revisions to historical data as additional trade information becomes available.
Related Trends
Chain-Type Quantity Index for Real GDP: Legal Services (5411) in North Carolina
NCLEGALQGSP
Per Capita Personal Consumption Expenditures: Goods: Durable Goods: Other Durable Goods for North Carolina
NCPCEPCODURG
Industrial Carbon Dioxide Emissions, All Fuels for North Carolina
EMISSCO2TOTVICTONCA
All Employees: Professional and Business Services: Management of Companies and Enterprises in North Carolina
SMS37000006055000001
Housing Inventory: Price Reduced Count Year-Over-Year in North Carolina
PRIREDCOUYYNC
Monthly State Retail Sales: Furniture and Home Furnishings Stores in North Carolina
MSRSNC442
Citation
U.S. Federal Reserve, Imports of Goods for North Carolina (IMPTOTNC), retrieved from FRED.