Real Imports of Goods for Australia
NMGRSAXDCAUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
114,424.00
Year-over-Year Change
4.44%
Date Range
7/1/1971 - 1/1/2025
Summary
This trend measures the real value of goods imported into Australia, adjusted for inflation. It is a key indicator of Australia's trade balance 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
Real Imports of Goods for Australia tracks the volume of physical goods brought into the country, excluding services. It is an important metric for assessing the health of Australia's external sector and its participation in global supply chains.
Methodology
The data is collected by the Australian Bureau of Statistics based on customs records and adjustments for price changes.
Historical Context
Policymakers and analysts use this metric to understand Australia's trade flows and competitiveness in international markets.
Key Facts
- Australia is a major importer of goods, with a trade deficit in recent years.
- Real imports have fluctuated with global economic conditions and exchange rate movements.
- Growth in real imports can signal rising domestic demand and business investment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the real, inflation-adjusted value of physical goods imported into Australia, excluding services.
Q: Why is this trend relevant for users or analysts?
A: Real imports are a key indicator of Australia's trade balance, external competitiveness, and overall economic activity.
Q: How is this data collected or calculated?
A: The data is collected by the Australian Bureau of Statistics based on customs records and price adjustments.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Australia's trade flows, global competitiveness, and domestic demand conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months.
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Citation
U.S. Federal Reserve, Real Imports of Goods for Australia (NMGRSAXDCAUQ), retrieved from FRED.