Imports of Goods for South Carolina
IMPTOTSC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,433.55
Year-over-Year Change
-5.64%
Date Range
1/1/2008 - 6/1/2025
Summary
The 'Imports of Goods for South Carolina' economic trend measures the total value of goods imported into the state of South Carolina. This data is closely watched by economists and policymakers to assess the state's international trade activity and economic conditions.
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 tracks the dollar value of all merchandise imported into South Carolina from other countries. It provides insights into the state's participation in global supply chains and the impacts of factors like exchange rates, tariffs, and economic growth on cross-border trade flows.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of importers and customs declarations.
Historical Context
Policymakers and analysts use this import data to evaluate South Carolina's economic competitiveness and the potential effects of trade policy on the state's businesses and consumers.
Key Facts
- South Carolina is a major U.S. export hub, especially for automotive and machinery products.
- Import values typically rise during periods of strong domestic and global economic growth.
- Trade disputes and currency fluctuations can significantly impact South Carolina's import activity.
FAQs
Q: What does this economic trend measure?
A: The 'Imports of Goods for South Carolina' metric tracks the total dollar value of all merchandise imported into the state from foreign countries.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into South Carolina's participation in global supply chains and the potential impacts of trade policy on the state's businesses and consumers.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of importers and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this import data to evaluate South Carolina's economic competitiveness and the potential effects of trade policy on the state.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag, reflecting the time required for collection and processing.
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Citation
U.S. Federal Reserve, Imports of Goods for South Carolina (IMPTOTSC), retrieved from FRED.