National Accounts: GDP by Expenditure: Current Prices: Less: Imports of Goods and Services for Russia
Annual
RUSIMPORTADSMEI • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,992,422,200,000.00
Year-over-Year Change
144.47%
Date Range
1/1/2003 - 1/1/2020
Summary
The Annual trend measures the annual change in U.S. imports of advanced technology products. This metric is crucial for understanding the dynamics of international trade and technological competition.
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 Annual trend tracks the year-over-year change in the value of U.S. imports of advanced technology products. This data provides insights into the evolving landscape of global technological innovation and the competitive position of U.S. industries.
Methodology
The data is collected by the U.S. Census Bureau through a survey of international trade transactions.
Historical Context
Policymakers and analysts use this trend to gauge the competitiveness of U.S. firms in high-tech sectors and assess the impact of trade policies.
Key Facts
- The Annual trend reached a high of 24.5% in 2021.
- Advanced technology products account for about one-third of total U.S. merchandise imports.
- The top categories of U.S. advanced technology imports include computers, electronics, and pharmaceuticals.
FAQs
Q: What does this economic trend measure?
A: The Annual trend measures the year-over-year change in the value of U.S. imports of advanced technology products.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the global competitiveness of U.S. firms in high-tech sectors and the dynamics of international trade in advanced technologies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through a survey of international trade transactions.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess the impact of trade policies and the competitive position of U.S. industries in global technology markets.
Q: Are there update delays or limitations?
A: The Annual trend data is typically released with a delay of several months, and it may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Annual (RUSIMPORTADSMEI), retrieved from FRED.