International Merchandise Trade Statistics: Imports: Commodities for Slovak Republic
XTIMVA01SKM667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10,224,940,000.00
Year-over-Year Change
10.84%
Date Range
12/1/1992 - 4/1/2025
Summary
The International Merchandise Trade Statistics: Imports: Commodities for Slovak Republic measures the value of imported goods and commodities into the Slovak Republic. This trend is 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 dataset tracks the monetary value of all physical goods imported into Slovakia, including raw materials, intermediate products, and final consumer items. It is a valuable resource for analyzing the composition and direction of the Slovak Republic's trade relationships with other countries.
Methodology
The data is collected by the Slovak Statistical Office through customs declarations and other administrative records.
Historical Context
Policymakers and economists use this import data to assess Slovakia's trade balance, domestic consumption patterns, and global economic integration.
Key Facts
- Slovakia is a major importer of machinery, vehicles, and mineral fuels.
- Imports account for over 90% of Slovakia's total merchandise trade.
- Import growth is a key driver of Slovakia's economic expansion.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of all physical goods imported into the Slovak Republic, including raw materials, intermediate products, and final consumer items.
Q: Why is this trend relevant for users or analysts?
A: This import data is a crucial indicator of Slovakia's trade balance, domestic consumption patterns, and economic integration with the global marketplace.
Q: How is this data collected or calculated?
A: The data is collected by the Slovak Statistical Office through customs declarations and other administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this import data to assess Slovakia's trade relationships, domestic consumption, and global economic integration, informing policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the reporting and processing timelines of the Slovak Statistical Office, which may result in minor delays compared to real-time trade activity.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Slovak Republic (XTIMVA01SKM667S), retrieved from FRED.