International Trade: Imports: Value (Goods): Total for Hungary
XTIMVA01HUA188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
90.11
Year-over-Year Change
35.82%
Date Range
1/1/1995 - 1/1/2022
Summary
The 'International Trade: Imports: Value (Goods): Total for Hungary' data series tracks the total value of goods imported into Hungary. This metric is a key indicator of Hungary's international trade dynamics 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 series measures the U.S. dollar value of all goods imported into Hungary, including raw materials, consumer products, and capital equipment. It is a widely-used indicator for analyzing Hungary's trade balance, domestic consumption, and integration with global supply chains.
Methodology
The data is collected and reported by Hungary's Central Statistical Office based on customs declarations and other administrative sources.
Historical Context
Policymakers and analysts use this import value data to assess Hungary's economic performance and trade relationships.
Key Facts
- Hungary is a major importer of machinery, transport equipment, and energy resources.
- Import growth is seen as a sign of expanding domestic demand and economic activity.
- Import values can fluctuate due to exchange rate changes and shifts in global supply chains.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total U.S. dollar value of all goods imported into Hungary, providing a high-level indicator of the country's international trade activity.
Q: Why is this trend relevant for users or analysts?
A: Monitoring Hungary's import values is crucial for assessing the country's trade balance, domestic consumption patterns, and integration with global supply chains.
Q: How is this data collected or calculated?
A: The data is collected by Hungary's Central Statistical Office based on customs declarations and other administrative sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze import value data to gauge Hungary's economic performance and inform trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is typically released with a short 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 Hungary (XTIMVA01HUA188S), retrieved from FRED.