International Trade: Imports: Value (Goods): Total for Canada
XTIMVA01CAA188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26.34
Year-over-Year Change
8.74%
Date Range
1/1/1961 - 1/1/2022
Summary
This economic trend tracks the total value of goods imported into Canada, providing insights into the country's trade dynamics 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 Trade: Imports: Value (Goods): Total for Canada series measures the monetary value of all goods imported into Canada. This data is a key indicator of the country's trade balance, consumer demand, and economic integration with global markets.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on official import records.
Historical Context
This trend is closely monitored by policymakers, economists, and market analysts to assess Canada's economic performance and trade relationships.
Key Facts
- Canada is the United States' largest trading partner.
- Imports account for over 30% of Canada's GDP.
- The top imported goods to Canada include machinery, vehicles, and mineral fuels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of all goods imported into Canada, providing insights into the country's trade activity and economic integration.
Q: Why is this trend relevant for users or analysts?
A: This data is a key indicator of Canada's trade balance, consumer demand, and economic performance, making it highly relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on official import records.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by policymakers to assess Canada's economic performance, trade relationships, and the impact of trade policies on the country's economy.
Q: Are there update delays or limitations?
A: The data is typically updated on a monthly basis, with a short delay in availability due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, International Trade: Imports: Value (Goods): Total for Canada (XTIMVA01CAA188S), retrieved from FRED.