Imports of Goods for Pennsylvania
IMPTOTPA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,154.11
Year-over-Year Change
18.82%
Date Range
1/1/2008 - 6/1/2025
Summary
This economic trend measures the total value of imported goods entering Pennsylvania, a key indicator of the state's trade and economic activity.
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 Pennsylvania metric tracks the monetary value of all physical goods imported into the state, including raw materials, consumer products, and capital equipment. It provides insights into Pennsylvania's role in international trade and its economic connections to global supply chains.
Methodology
The data is collected by the U.S. Census Bureau through surveys of importers and customs records.
Historical Context
Policymakers and analysts use this metric to assess Pennsylvania's trade balance, competitiveness, and integration with the broader U.S. and global economies.
Key Facts
- Pennsylvania is a major U.S. manufacturing and logistics hub.
- Imports account for over 10% of Pennsylvania's gross state product.
- The top imported goods are machinery, vehicles, and chemicals.
FAQs
Q: What does this economic trend measure?
A: The Imports of Goods for Pennsylvania metric tracks the total monetary value of all physical goods imported into the state, providing insights into the state's international trade and economic activity.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding Pennsylvania's role in global supply chains, trade balance, and economic competitiveness. It informs policymakers and analysts on the state's integration with the broader U.S. and international economies.
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: Policymakers and analysts use this metric to assess Pennsylvania's trade balance, competitiveness, and integration with the broader U.S. and global economies, which informs trade, economic, and infrastructure policies.
Q: Are there update delays or limitations?
A: The data is subject to the typical update delays and revisions common to economic statistics collected by government agencies.
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Citation
U.S. Federal Reserve, Imports of Goods for Pennsylvania (IMPTOTPA), retrieved from FRED.