Imports of Goods for Utah
IMPTOTUT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,958.66
Year-over-Year Change
13.22%
Date Range
1/1/2008 - 6/1/2025
Summary
The Imports of Goods for Utah trend measures the total value of goods imported into the state of Utah. This statistic is important for economists and policymakers to understand Utah's trade dynamics 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 of Goods for Utah statistic represents the total dollar value of all merchandise that is brought into the state of Utah from other countries. It is a key indicator of the state's international trade activity and can provide insights into consumer demand, production supply chains, and Utah's role in the national and global economy.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on customs declarations and other international trade reporting.
Historical Context
Policymakers and market analysts use this trend to assess Utah's trade balance, monitor the impact of tariffs or trade agreements, and forecast economic conditions.
Key Facts
- Utah's total imports reached $26.4 billion in 2021.
- Machinery and electronics are the largest import categories for Utah.
- Imports have grown at an average annual rate of 4.2% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Imports of Goods for Utah trend measures the total value of all merchandise that is imported into the state of Utah from other countries.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into Utah's trade dynamics, consumer demand, and economic integration with global markets, which are crucial for policymakers, businesses, and economists to understand.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on customs declarations and other international trade reporting.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess Utah's trade balance, monitor the impact of tariffs or trade agreements, and forecast economic conditions.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Imports of Goods for Utah (IMPTOTUT), retrieved from FRED.