International Merchandise Trade Statistics: Imports: Commodities for Australia
XTIMVA01AUM667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,204,490,000.00
Year-over-Year Change
5.64%
Date Range
1/1/1958 - 5/1/2025
Summary
This economic indicator tracks the value of merchandise imports into Australia, providing insights into the country's international trade patterns 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 Australia series measures the total value of goods and services imported into Australia from other countries. This data is a key indicator of Australia's trade balance and can inform economic analysis and policy decisions.
Methodology
The data is collected by the Australian Bureau of Statistics through surveys of importers and customs records.
Historical Context
Policymakers and analysts use this data to assess Australia's trade position and the health of its economy.
Key Facts
- Australia is one of the world's largest importers of goods and services.
- Imports account for over 20% of Australia's GDP.
- China is Australia's largest source of imports.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of merchandise, or physical goods, imported into Australia from other countries.
Q: Why is this trend relevant for users or analysts?
A: Imports are a key component of a country's trade balance and can provide insights into its economic performance and trade relationships.
Q: How is this data collected or calculated?
A: The data is collected by the Australian Bureau of Statistics through surveys of importers and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess Australia's trade position and the overall health of its economy, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is typically released on a monthly basis, with some potential for delays due to the time required to collect and process the information.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Australia (XTIMVA01AUM667S), retrieved from FRED.