International Trade: Imports: Value (Goods): Total for the Euro Area (19 Countries)
XTIMVA01EZM664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
241,548,200,000.00
Year-over-Year Change
-9.54%
Date Range
1/1/1990 - 4/1/2023
Summary
This trend measures the total value of goods imported into the Euro Area (19 countries). It provides important insights into the region'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 the Euro Area (19 Countries) trend tracks the total value of all goods imported into the 19 member states of the Eurozone. This metric is a key indicator of the region's trade flows and economic integration with the global marketplace.
Methodology
The data is collected and reported by Eurostat, the statistical office of the European Union.
Historical Context
Policymakers and economists analyze this trend to assess the Eurozone's trade balance, consumer demand, and economic performance.
Key Facts
- The Eurozone consists of 19 European Union member states that have adopted the euro as their common currency.
- Imports account for a significant portion of GDP in the Eurozone, making this trend a key economic indicator.
- Import values can fluctuate based on exchange rates, consumer demand, and trade policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all goods imported into the 19 member states of the Eurozone.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into the Eurozone's trade balance, consumer demand, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and reported by Eurostat, the statistical office of the European Union.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess the Eurozone's trade flows and economic integration with the global marketplace.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, International Trade: Imports: Value (Goods): Total for the Euro Area (19 Countries) (XTIMVA01EZM664S), retrieved from FRED.