International Merchandise Trade Statistics: Imports: Commodities for Austria
XTIMVA01ATA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-7.01
Year-over-Year Change
10.40%
Date Range
1/1/1958 - 1/1/2024
Summary
This economic trend measures Austria's imports of commodities, a key indicator of international 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 Austria tracks the value of goods imported into Austria, providing insights into the country's trade balance, consumer demand, and industrial production.
Methodology
The data is collected through customs declarations and surveys by national statistical agencies.
Historical Context
This trend is closely monitored by policymakers, businesses, and analysts to assess Austria's economic performance and trade relationships.
Key Facts
- Austria is a major trading partner within the European Union.
- Commodity imports account for a significant portion of Austria's total imports.
- Trends in Austrian imports can signal changes in domestic consumption and industrial production.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of commodities imported into Austria, providing insights into the country's international trade activity and economic performance.
Q: Why is this trend relevant for users or analysts?
A: Monitoring Austria's commodity imports is crucial for understanding the country's trade balance, consumer demand, and industrial production, which are important indicators of overall economic health.
Q: How is this data collected or calculated?
A: The data is collected through customs declarations and surveys conducted by national statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and analysts closely monitor this trend to assess Austria's economic performance and trade relationships, which can inform policy decisions and business strategies.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule of national statistical agencies, and there may be occasional revisions or delays in reporting.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Austria (XTIMVA01ATA657S), retrieved from FRED.