International Trade: Imports: Value (Goods): Total for United States
XTIMVA01USQ188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11.16
Year-over-Year Change
1.22%
Date Range
1/1/1960 - 7/1/2023
Summary
This economic trend measures the total value of goods imported into the United States. It is a key indicator of the country's trade balance and economic integration with global markets.
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 imports value trend tracks the monetary worth of physical products purchased from other countries by U.S. businesses, consumers, and government. It is widely used by economists and policymakers to analyze trade patterns, exchange rates, and the overall health of the U.S. economy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of import transactions.
Historical Context
Imports data is closely monitored by the Federal Reserve and other agencies to inform economic and trade policy decisions.
Key Facts
- The U.S. is the world's largest importer of goods.
- Imports account for over 15% of U.S. GDP.
- China is the top source of U.S. imports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of physical goods imported into the United States from other countries.
Q: Why is this trend relevant for users or analysts?
A: Imports data is a key indicator of trade patterns, exchange rates, and the overall health of the U.S. economy, making it highly relevant for economists, 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 import transactions.
Q: How is this trend used in economic policy?
A: Imports data is closely monitored by the Federal Reserve and other agencies to inform economic and trade policy decisions.
Q: Are there update delays or limitations?
A: The imports data is released monthly with a short lag, providing timely insights for analysts and policymakers.
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Citation
U.S. Federal Reserve, International Trade: Imports: Value (Goods): Total for United States (XTIMVA01USQ188S), retrieved from FRED.