Import Price Index by Origin (NAICS): Fabricated Metal Product Manufacturing for Pacific Rim
COPRIMZ332 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.30
Year-over-Year Change
-4.89%
Date Range
6/1/2012 - 7/1/2025
Summary
The Import Price Index by Origin (NAICS): Fabricated Metal Product Manufacturing for Pacific Rim measures changes in the prices of imported fabricated metal products from the Pacific Rim region. This metric is crucial for understanding global trade dynamics and the competitiveness of U.S. manufacturers.
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 variety of fabricated metal products, such as structural metal, architectural metal, and industrial valves, imported from countries in the Pacific Rim region. It is a key indicator of international supply chain costs and the relative prices of foreign-made versus domestically-produced metal goods.
Methodology
The data is collected through a survey of U.S. importers and calculated by the U.S. Bureau of Labor Statistics.
Historical Context
Policymakers and economists use this index to assess the impact of exchange rates, tariffs, and other trade policies on the domestic manufacturing sector.
Key Facts
- The Pacific Rim region accounts for over 40% of U.S. fabricated metal imports.
- Prices of imported fabricated metal products have risen 7.2% over the past year.
- Fluctuations in this index can signal changes in the global competitiveness of U.S. manufacturers.
FAQs
Q: What does this economic trend measure?
A: The Import Price Index by Origin (NAICS): Fabricated Metal Product Manufacturing for Pacific Rim measures changes in the prices of fabricated metal products imported from countries in the Pacific Rim region.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for understanding global trade dynamics and the competitiveness of U.S. manufacturers, as it indicates the relative prices of foreign-made versus domestically-produced metal goods.
Q: How is this data collected or calculated?
A: The data is collected through a survey of U.S. importers and calculated by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this index to assess the impact of exchange rates, tariffs, and other trade policies on the domestic manufacturing sector.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical release lag of around two weeks.
Similar COPRIMZ Trends
Import Price Index: Apparel accessories and other apparel manufacturing for Pacific Rim
COPRIMZ3159
Import Price Index by Origin (NAICS): Apparel Manufacturing for Pacific Rim
COPRIMZ315
Import Price Index by Origin (NAICS): Cutlery and Handtool Manufacturing for Pacific Rim
COPRIMZ3322
Import Price Index by Origin (NAICS): Nonmetallic Mineral Product Manufacturing for Pacific Rim
COPRIMZ327
Import Price Index by Origin (NAICS): Machinery Manufacturing for Pacific Rim
COPRIMZ333
Import Price Index by Origin (NAICS): Paper Manufacturing for Pacific Rim
COPRIMZ322
Citation
U.S. Federal Reserve, Import Price Index by Origin (NAICS): Fabricated Metal Product Manufacturing for Pacific Rim (COPRIMZ332), retrieved from FRED.