International Trade: Imports: Value (Goods): Total for Germany
XTIMVA01DEQ188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.08
Year-over-Year Change
8.09%
Date Range
1/1/1970 - 7/1/2023
Summary
This economic indicator tracks the total value of goods imported into Germany, providing insights into the country's 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 Trade: Imports: Value (Goods): Total for Germany series measures the dollar value of all goods imported into Germany from other countries. This metric is closely watched by economists and policymakers to assess Germany's participation in global trade and the strength of domestic demand.
Methodology
The data is collected by the U.S. Census Bureau through surveys of importers and customs records.
Historical Context
Trends in German imports can signal shifts in consumer and business spending, industrial production, and the broader health of the German and European economies.
Key Facts
- Germany is the largest economy in the European Union.
- Imports account for over 40% of Germany's GDP.
- China is Germany's largest import partner.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total dollar value of all goods imported into Germany from other countries, providing insights into the country's international trade and economic activity.
Q: Why is this trend relevant for users or analysts?
A: Trends in German imports are closely watched by economists and policymakers to assess the strength of domestic demand, the health of the German and European economies, and Germany's participation in global trade.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of importers and customs records.
Q: How is this trend used in economic policy?
A: Changes in German import levels can signal shifts in consumer and business spending, industrial production, and the broader economic environment, informing policy decisions by the German government and the European Central Bank.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, International Trade: Imports: Value (Goods): Total for Germany (XTIMVA01DEQ188S), retrieved from FRED.