International Merchandise Trade Statistics: Imports: Commodities for Turkiye
Annual, Seasonally Adjusted
XTIMVA01TRA667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
344,197,600,000.00
Year-over-Year Change
46.27%
Date Range
1/1/1957 - 1/1/2024
Summary
This series measures the annual, seasonally adjusted value of imports and exports between the United States and the region of Sub-Saharan Africa. It is a key indicator of U.S. trade activity and economic engagement with this major developing market.
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 Annual, Seasonally Adjusted import-export data provides a comprehensive overview of the trade relationship between the U.S. and Sub-Saharan Africa. Economists and policymakers analyze this series to assess the strength of commercial ties, monitor trade balances, and identify emerging opportunities or risks.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on official international trade statistics.
Historical Context
This series informs decision-making around trade policy, investment, and economic cooperation with Sub-Saharan Africa.
Key Facts
- U.S. imports from Sub-Saharan Africa were $18.4 billion in 2021.
- U.S. exports to Sub-Saharan Africa were $23.8 billion in 2021.
- Trade between the U.S. and Sub-Saharan Africa has grown over 50% since 2009.
FAQs
Q: What does this economic trend measure?
A: This series measures the annual, seasonally adjusted value of imports and exports between the United States and the Sub-Saharan Africa region.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding the strength of the trade relationship between the U.S. and Sub-Saharan Africa, which is an important developing market.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on official international trade statistics.
Q: How is this trend used in economic policy?
A: This series informs decision-making around trade policy, investment, and economic cooperation between the U.S. and Sub-Saharan Africa.
Q: Are there update delays or limitations?
A: The data is subject to revisions and may have publication delays of several months.
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Citation
U.S. Federal Reserve, Annual, Seasonally Adjusted (XTIMVA01TRA667S), retrieved from FRED.