International Trade: Imports: Value (Goods): Total for United States
XTIMVA01USA188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12.60
Year-over-Year Change
-0.86%
Date Range
1/1/1960 - 1/1/2022
Summary
This trend measures the total value of goods imported into the United States. It provides insight into the country's trade balance 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 United States series tracks the monetary value of all physical goods imported into the U.S. from other countries. This metric is widely used by economists and policymakers to analyze trade flows, consumer demand, and the overall health of the American economy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of importing companies and customs declarations.
Historical Context
Policymakers and market analysts closely monitor import trends to gauge domestic economic conditions and the impact of trade policies.
Key Facts
- The U.S. is the world's largest importer of goods.
- Imports account for over 15% of U.S. GDP.
- Import values fluctuate with exchange rates and trade policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of all physical goods imported into the United States from other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the U.S. trade balance, consumer demand, and overall economic activity, making it a key indicator for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of importing companies and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts closely monitor import trends to gauge domestic economic conditions and the impact of trade policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, International Trade: Imports: Value (Goods): Total for United States (XTIMVA01USA188S), retrieved from FRED.