Imports of Goods: General Merchandise: Automotive vehicles, parts, and engines
IEAMGAV • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
117,689.00
Year-over-Year Change
23.91%
Date Range
1/1/1999 - 1/1/2025
Summary
This trend measures the value of imported automotive vehicles, parts, and engines as part of the broader category of general merchandise imports. It provides insight into the state of the automotive trade balance and international supply chains.
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 Imports of Goods: General Merchandise: Automotive vehicles, parts, and engines trend tracks the monetary value of imported automotive-related products. This metric is a key indicator of international trade activity and can inform assessments of the health of the domestic automotive industry.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on customs records.
Historical Context
Policymakers and market analysts monitor this trend to gauge the competitiveness of the U.S. automotive sector and the impacts of trade policy.
Key Facts
- Automotive imports account for over 20% of total U.S. merchandise imports.
- China is the largest source of automotive imports to the U.S.
- Automotive imports have grown by over 50% in the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monetary value of imported automotive vehicles, parts, and engines as part of the broader category of general merchandise imports to the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the state of the automotive trade balance and international supply chains, which is important for assessing the competitiveness of the domestic automotive industry.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on customs records.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts monitor this trend to gauge the impacts of trade policy on the automotive sector and the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months.
Related Trends
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U.S. Imports of Services: Charges for the Use of Intellectual Property, not included elsewhere
ITMCIPM133S
U.S. Imports of Goods by Customs Basis from South Korea
IMPKR
Imports of Services: Financial services
IEAMSFN
Secondary income (current transfer) payments
IEAMSIR
U.S. Imports of Services: Transport
ITMTRAM133S
Citation
U.S. Federal Reserve, Imports of Goods: General Merchandise: Automotive vehicles, parts, and engines (IEAMGAV), retrieved from FRED.