International Merchandise Trade Statistics: Imports: Commodities for G20
G20XTIMVA01CXMLSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,600,599,000,000.00
Year-over-Year Change
4.17%
Date Range
1/1/2014 - 5/1/2025
Summary
The International Merchandise Trade Statistics: Imports: Commodities for G20 measures the value of goods imported by the G20 countries. This data is crucial for understanding global trade patterns and economic interdependence.
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 tracks the value of merchandise imports across the G20 nations, which account for the majority of the world's economic activity. It provides insights into the composition and direction of global trade flows, shedding light on the interconnectedness of national economies.
Methodology
The data is collected and reported by national statistical agencies and compiled by the United Nations Statistics Division.
Historical Context
Policymakers and market analysts use this data to assess the health of the global economy and identify potential trade imbalances or disruptions.
Key Facts
- The G20 accounts for over 80% of global GDP.
- China is the largest importer among the G20 countries.
- Energy and machinery are major components of G20 imports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of merchandise imports by the G20 countries, which include the world's largest economies.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding global trade patterns and the interdependence of national economies, which is vital for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by national statistical agencies and compiled by the United Nations Statistics Division.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this data to assess the health of the global economy and identify potential trade imbalances or disruptions.
Q: Are there update delays or limitations?
A: There may be delays in reporting and compiling this data due to the complexity of international trade statistics.
Related Trends
Balance of Payments: Services: Expenditure for G20
G20B6DBSE01CXCUSAQ
International Merchandise Trade Statistics: Exports: Commodities for G20
G20XTEXVA01CXMLSAM
Balance of payments BPM6: Financial account: Portfolio investment: Portfolio investment Net acquisition of financial assets for G20
G20B6FAPI02CXCUQ
Balance of payments BPM6: Current account Balance: Total: Total Balance as % of GDP for G20
G20B6BLTT02STSAQ
Balance of payments BPM6: Financial account: Portfolio investment: Portfolio investment Net for G20
G20B6FAPI10CXCUQ
Balance of payments BPM6: Financial account: Reserve assets: Reserve assets Net for G20
G20B6FARA01CXCUQ
Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for G20 (G20XTIMVA01CXMLSAM), retrieved from FRED.