International Trade: Imports: Value (Goods): Total for Denmark
XTIMVA01DKA188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32.00
Year-over-Year Change
25.18%
Date Range
1/1/1995 - 1/1/2022
Summary
This trend measures the total value of goods imported into Denmark, providing insight 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 Trade: Imports: Value (Goods): Total for Denmark series tracks the monetary value of all physical goods imported into Denmark from other countries. This metric is a key indicator of Denmark's participation in global supply chains and trade relationships.
Methodology
The data is collected and reported by Statistics Denmark, the country's national statistical institute.
Historical Context
Policymakers and economists use this import value data to assess Denmark's trade balance, competitiveness, and broader economic performance.
Key Facts
- Denmark is a major trading nation, with imports valued at over $100 billion annually.
- Machinery, vehicles, and mineral fuels are Denmark's top imported goods.
- Import values have fluctuated in recent years due to global economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of all physical goods imported into Denmark from other countries.
Q: Why is this trend relevant for users or analysts?
A: Import value data provides insight into Denmark's participation in global supply chains and trade relationships, which is crucial for assessing the country's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported by Statistics Denmark, the country's national statistical institute.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this import value data to evaluate Denmark's trade balance, analyze its competitiveness, and inform broader economic policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in reporting due to the time required for data collection and aggregation.
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Citation
U.S. Federal Reserve, International Trade: Imports: Value (Goods): Total for Denmark (XTIMVA01DKA188S), retrieved from FRED.