Import Price Index by Origin (NAICS): Medical Equipment and Supplies Manufacturing for Industrialized Countries
COINDUSZ3391 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
102.20
Year-over-Year Change
0.59%
Date Range
6/1/2012 - 6/1/2025
Summary
The Import Price Index by Origin (NAICS): Medical Equipment and Supplies Manufacturing for Industrialized Countries measures the change in prices of imported medical equipment and supplies from industrialized countries. This metric is crucial for understanding global trade dynamics and the competitiveness of domestic medical manufacturing.
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 index tracks the prices of medical devices, equipment, and supplies imported into the United States from industrialized nations. It is an important indicator of global supply chain costs and the pricing power of domestic producers in the medical manufacturing sector.
Methodology
The data is collected through surveys of importers and calculated using Laspeyres index formulas.
Historical Context
Policymakers and industry analysts use this index to assess the impacts of tariffs, exchange rates, and other trade factors on the medical equipment market.
Key Facts
- The index has a base year of 2000.
- Prices are measured at the port of exportation.
- The index excludes duties, freight, and insurance costs.
FAQs
Q: What does this economic trend measure?
A: This index measures the change in prices of imported medical equipment and supplies from industrialized countries to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding global trade dynamics and the competitiveness of domestic medical manufacturing.
Q: How is this data collected or calculated?
A: The data is collected through surveys of importers and calculated using Laspeyres index formulas.
Q: How is this trend used in economic policy?
A: Policymakers and industry analysts use this index to assess the impacts of tariffs, exchange rates, and other trade factors on the medical equipment market.
Q: Are there update delays or limitations?
A: The index data is published monthly with a lag of approximately one month.
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Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Medical Equipment and Supplies Manufacturing for Industrialized Countries (COINDUSZ3391), retrieved from FRED.