International Merchandise Trade Statistics: Imports: Commodities for Ireland
XTIMVA01IEM667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,599,260,000.00
Year-over-Year Change
9.81%
Date Range
1/1/1957 - 4/1/2025
Summary
The International Merchandise Trade Statistics: Imports: Commodities for Ireland trend measures the value of imported goods into Ireland, a key indicator of the country's international trade activity and economic performance.
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 monthly series tracks the monetary value of merchandise imports into Ireland, including a range of commodities and products. It is a widely followed economic indicator used by policymakers, analysts, and businesses to assess Ireland's trade balance, consumer demand, and overall economic conditions.
Methodology
The data is collected and reported by Ireland's Central Statistics Office using customs declarations and other administrative sources.
Historical Context
Merchandise import data is closely monitored by the Irish government and the European Union to inform trade, fiscal, and monetary policies.
Key Facts
- Ireland is a major importer of goods, with a trade deficit.
- Imports account for over half of Ireland's GDP.
- Key imported commodities include machinery, chemicals, and transport equipment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monetary value of imported goods and commodities into Ireland on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: Merchandise import data is a crucial indicator of Ireland's trade balance, consumer demand, and overall economic performance, making it highly relevant for policymakers, businesses, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected by Ireland's Central Statistics Office using customs declarations and other administrative sources.
Q: How is this trend used in economic policy?
A: Merchandise import data is closely monitored by the Irish government and the European Union to inform trade, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical delay of 6-8 weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Ireland (XTIMVA01IEM667S), retrieved from FRED.