International Merchandise Trade Statistics: Imports: Commodities for United States
XTIMVA01USM667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
275,682,000,000.00
Year-over-Year Change
2.75%
Date Range
1/1/1955 - 5/1/2025
Summary
This economic indicator tracks the value of imported commodities to the United States, providing insights into the country's international trade dynamics and domestic consumption patterns.
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 Merchandise Trade Statistics: Imports: Commodities for United States is a key indicator used by economists and policymakers to analyze the composition and trends of the nation's import activities, which have significant implications for the trade balance, domestic production, and consumer prices.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs records and other sources.
Historical Context
This indicator is closely monitored by the Federal Reserve, Department of Commerce, and other government agencies to inform economic policy decisions.
Key Facts
- The U.S. is the world's largest importer of goods and services.
- Commodities account for over two-thirds of total U.S. imports.
- Import trends reflect domestic consumer demand and production capacity.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the value of imported commodities to the United States, including raw materials, intermediate goods, and finished products.
Q: Why is this trend relevant for users or analysts?
A: Import data is a key metric for understanding the nation's trade balance, supply chain dynamics, and domestic consumption patterns, which are crucial for economic analysis and policymaking.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on customs records and other sources.
Q: How is this trend used in economic policy?
A: This indicator is closely monitored by the Federal Reserve, Department of Commerce, and other government agencies to inform trade, monetary, and fiscal policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of 1-2 months, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for United States (XTIMVA01USM667S), retrieved from FRED.