International Merchandise Trade Statistics: Imports: Commodities for OECD
OECDXTIMVA01CXMLSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,828,777,000,000.00
Year-over-Year Change
-0.02%
Date Range
1/1/1999 - 1/1/2025
Summary
This trend measures international merchandise trade data for imports of commodities among OECD countries. It is a key indicator of global 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 International Merchandise Trade Statistics: Imports: Commodities for OECD series tracks the volume and value of imported goods between OECD member states. This provides insight into trade balances, supply chains, and the health of the global economy.
Methodology
The data is collected through official customs and statistical agencies in OECD countries.
Historical Context
This trend is widely used by economists, policymakers, and investors to assess international trade flows and economic conditions.
Key Facts
- OECD countries account for over 60% of global merchandise trade.
- Imports of commodities make up around 25% of total OECD imports.
- Trade data is released on a monthly basis with a 2-month reporting lag.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the volume and value of imported goods between OECD member countries, providing insight into global trade patterns and economic conditions.
Q: Why is this trend relevant for users or analysts?
A: This trade data is a key indicator of international economic activity and is widely used by economists, policymakers, and investors to assess the health of the global economy.
Q: How is this data collected or calculated?
A: The data is collected through official customs and statistical agencies in OECD countries.
Q: How is this trend used in economic policy?
A: Governments and central banks closely monitor OECD trade flows to inform macroeconomic policies, trade negotiations, and assessments of economic conditions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis with a 2-month reporting lag due to the time required for collection and compilation.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for OECD (OECDXTIMVA01CXMLSAQ), retrieved from FRED.