International Trade: Imports: Value (Goods): Total for Switzerland
XTIMVA01CHQ188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.68
Year-over-Year Change
5.91%
Date Range
1/1/1980 - 7/1/2023
Summary
This economic trend measures the total value of goods imported into Switzerland. It provides insight into Switzerland's international trade dynamics and demand for foreign products.
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 Switzerland' series tracks the monetary value of all goods imported into Switzerland. This metric is used by economists and policymakers to analyze Switzerland's participation in global trade networks and to assess the strength of domestic consumption and production.
Methodology
The data is collected by Switzerland's Federal Customs Administration and calculated as the total monetary value of all physical goods imported into the country.
Historical Context
This import value trend is closely watched by Swiss economic and trade authorities to monitor the country's trade balance and competitiveness.
Key Facts
- Switzerland is a major global importer of goods.
- Imports account for over 50% of Switzerland's GDP.
- The top import categories are machinery, chemicals, and vehicles.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of all goods imported into Switzerland from other countries.
Q: Why is this trend relevant for users or analysts?
A: This import value trend provides insight into Switzerland's participation in global trade networks and the strength of domestic consumption and production.
Q: How is this data collected or calculated?
A: The data is collected by Switzerland's Federal Customs Administration and calculated as the total monetary value of all physical goods imported into the country.
Q: How is this trend used in economic policy?
A: This import value trend is closely watched by Swiss economic and trade authorities to monitor the country's trade balance and international competitiveness.
Q: Are there update delays or limitations?
A: The data is published with a short delay, typically 1-2 months after the end of the reference period.
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Citation
U.S. Federal Reserve, International Trade: Imports: Value (Goods): Total for Switzerland (XTIMVA01CHQ188S), retrieved from FRED.