International Trade: Imports: Value (Goods): Total for Estonia
XTIMVA01EEA188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.95
Year-over-Year Change
10.74%
Date Range
1/1/1995 - 1/1/2022
Summary
The 'International Trade: Imports: Value (Goods): Total for Estonia' series measures the total value of goods imported into Estonia. This metric is a key indicator of the country's trade balance 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
This data series tracks the total value of imported goods into Estonia, which is an important measure of the country's economic performance and integration with global trade networks. Economists and policymakers analyze this data to assess trade flows, competitiveness, and the overall health of the Estonian economy.
Methodology
The data is collected and reported by the Statistical Office of Estonia based on customs declarations and other administrative sources.
Historical Context
Trends in Estonia's import values provide insights for government officials, businesses, and analysts monitoring the nation's trade position and macroeconomic conditions.
Key Facts
- Estonia is a small, open economy highly integrated with global trade networks.
- Import values have been growing steadily in Estonia over the past decade.
- Monitoring import trends is crucial for assessing Estonia's trade balance and competitiveness.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total value of goods imported into Estonia, providing a measure of the country's trade flows and economic activity.
Q: Why is this trend relevant for users or analysts?
A: Trends in Estonia's import values offer important insights for government officials, businesses, and economists monitoring the nation's trade position, competitiveness, and overall macroeconomic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Statistical Office of Estonia based on customs declarations and other administrative sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess Estonia's trade balance, competitiveness, and economic integration, which informs decisions around trade policy, industrial strategy, and macroeconomic management.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical lag of 2-3 months. There may be occasional revisions to historical data as well.
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Citation
U.S. Federal Reserve, International Trade: Imports: Value (Goods): Total for Estonia (XTIMVA01EEA188S), retrieved from FRED.