Import Price Index by Origin (NAICS): Chemical Manufacturing for Latin America
COLATZ325 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.90
Year-over-Year Change
-0.34%
Date Range
6/1/2012 - 6/1/2025
Summary
The Import Price Index by Origin (NAICS): Chemical Manufacturing for Latin America measures changes in the prices of chemical products imported to the U.S. from Latin American countries. This index is a key indicator of international trade dynamics and inflationary pressures.
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 a wide range of chemical products imported to the U.S. from Latin American countries, including basic chemicals, specialty chemicals, and pharmaceuticals. It provides insights into the competitiveness of Latin American chemical manufacturers and the cost of imported chemical inputs for U.S. businesses.
Methodology
The data is collected through surveys of U.S. importers and calculated using Laspeyres index methodology.
Historical Context
Economists and policymakers monitor this index to assess the impact of exchange rates, trade policies, and global supply chain disruptions on the U.S. chemical industry.
Key Facts
- The index has a base year of 2000.
- Latin America accounts for around 15% of U.S. chemical imports.
- The index reached a record high in 2022 due to supply chain issues.
FAQs
Q: What does this economic trend measure?
A: This index measures changes in the prices of chemical products imported to the U.S. from Latin American countries, providing insights into international trade dynamics and inflationary pressures.
Q: Why is this trend relevant for users or analysts?
A: This index is important for understanding the competitiveness of Latin American chemical manufacturers and the cost of imported chemical inputs for U.S. businesses, which can impact domestic production and consumer prices.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. importers and calculated using Laspeyres index methodology.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this index to assess the impact of exchange rates, trade policies, and global supply chain disruptions on the U.S. chemical industry.
Q: Are there update delays or limitations?
A: The index is published monthly, with a typical release lag of around two weeks.
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Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Chemical Manufacturing for Latin America (COLATZ325), retrieved from FRED.