International Merchandise Trade Statistics: Imports: Commodities for Estonia
ESTXTIMVA01CXMLM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,092,907,000.00
Year-over-Year Change
10.77%
Date Range
1/1/1993 - 5/1/2025
Summary
This economic trend measures the value of imported commodities to Estonia, providing insights into the country's international trade patterns and economic dynamics.
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
The International Merchandise Trade Statistics: Imports: Commodities for Estonia dataset tracks the total value of goods imported into the country, broken down by commodity type. This data is used by economists and policymakers to analyze Estonia's trade balance, competitiveness, and integration within the global economy.
Methodology
The data is collected by Estonia's statistical agency through surveys of importers and customs records.
Historical Context
Trends in Estonia's commodity imports are closely monitored by government agencies, businesses, and international organizations to inform economic policy and investment decisions.
Key Facts
- Estonia is a small, open economy heavily dependent on international trade.
- Commodity imports account for a significant portion of Estonia's total imports.
- Trends in Estonia's commodity imports reflect changes in domestic demand and global economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of commodities imported into Estonia, providing insights into the country's international trade patterns and economic activity.
Q: Why is this trend relevant for users or analysts?
A: Trends in Estonia's commodity imports are important for understanding the country's trade balance, competitiveness, and integration within the global economy, which are crucial factors for economic policymaking and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected by Estonia's statistical agency through surveys of importers and customs records.
Q: How is this trend used in economic policy?
A: Trends in Estonia's commodity imports are closely monitored by government agencies, businesses, and international organizations to inform economic policy and investment decisions.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and accuracy of Estonia's statistical reporting, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Estonia (ESTXTIMVA01CXMLM), retrieved from FRED.