Imports of Goods: Balance of Payments Basis
BOPGIMP • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
264,992.00
Year-over-Year Change
-2.89%
Date Range
1/1/1992 - 6/1/2025
Summary
The 'Imports of Goods: Balance of Payments Basis' metric tracks the value of goods imported into the United States. This is a key economic indicator used by policymakers and analysts to assess trade dynamics and the nation's balance of payments.
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 series measures the dollar value of merchandise imports into the U.S. on a balance of payments basis. It includes goods purchased from other countries, both physical shipments and selected services. This data provides insights into the nation's trade position and consumer demand for foreign products.
Methodology
The data is collected and calculated by the U.S. Bureau of Economic Analysis using customs records and other sources.
Historical Context
Imports data is widely used to evaluate trade policy, exchange rate impacts, and the strength of domestic consumption.
Key Facts
- Imports account for approximately 15% of U.S. GDP.
- China is the largest source of U.S. imports, representing over 20% of the total.
- Imports have grown at an average annual rate of 4.3% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The 'Imports of Goods: Balance of Payments Basis' metric tracks the monetary value of merchandise 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 consumer demand, trade dynamics, and the nation's overall balance of payments position, making it relevant for policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Bureau of Economic Analysis using customs records and other statistical sources.
Q: How is this trend used in economic policy?
A: Imports data is widely used to evaluate trade policy, exchange rate impacts, and the strength of domestic consumption, informing decisions by policymakers, central banks, and businesses.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months, and may be subject to revisions as more complete information becomes available.
Related Trends
U.S. Imports of Services: Telecommunications, Computer, and Information Services
ITMTCIM133S
Primary income payments: Investment income
IEAMII
Imports of Services: Travel (for all purposes including education)
IEAMSTVN
U.S. Imports of Goods by Customs Basis from China
IMPCH
U.S. Imports of Services: Transport
ITMTRAM133S
U.S. Imports of Goods by Customs Basis from Canada
IMPCA
Citation
U.S. Federal Reserve, Imports of Goods: Balance of Payments Basis (BOPGIMP), retrieved from FRED.