International Merchandise Trade Statistics: Imports: Commodities for Japan
XTIMVA01JPA659S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-5.95
Year-over-Year Change
-313.69%
Date Range
1/1/1958 - 1/1/2024
Summary
The International Merchandise Trade Statistics: Imports: Commodities for Japan measures the value of Japan's imports of various goods and commodities. This metric is a key indicator of Japan's international trade activity and economic health.
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
This data series tracks the total import value of commodities entering Japan, providing insights into the country's reliance on foreign-sourced goods and materials. Economists and policymakers monitor this trend to assess Japan's trade balance, industrial production, and overall economic performance.
Methodology
The data is collected through customs declarations and reports from Japan's Ministry of Finance.
Historical Context
This import data informs Japan's trade policies and negotiations, as well as the decisions of global businesses and investors operating in the Japanese market.
Key Facts
- Japan is the world's third-largest economy.
- Japan relies heavily on imported raw materials and energy resources.
- Import trends reflect Japan's manufacturing and consumer demand.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total value of commodities imported into Japan, providing insights into the country's international trade activity and reliance on foreign-sourced goods.
Q: Why is this trend relevant for users or analysts?
A: Monitoring Japan's import trends is crucial for understanding the country's trade balance, industrial production, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected through customs declarations and reports from Japan's Ministry of Finance.
Q: How is this trend used in economic policy?
A: This import data informs Japan's trade policies and negotiations, as well as the decisions of global businesses and investors operating in the Japanese market.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and processes of Japan's Ministry of Finance.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Japan (XTIMVA01JPA659S), retrieved from FRED.