Imports of Goods: General Merchandise: Automotive vehicles, parts, and engines
Quarterly, Not Seasonally Adjusted
IEAMGAVN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
113,327.00
Year-over-Year Change
23.53%
Date Range
1/1/1999 - 1/1/2025
Summary
The Quarterly, Not Seasonally Adjusted economic trend measures the value of imports of automotive parts and accessories to the United States. This metric is closely watched by economists and policymakers to assess the health of the domestic automotive industry and trade balance.
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 Quarterly, Not Seasonally Adjusted series tracks the dollar value of automotive parts and accessories imported into the United States on a quarterly basis without seasonal adjustments. This provides a clear view of underlying import trends that can inform economic analysis and trade policy decisions.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs import records.
Historical Context
Trends in automotive parts and accessories imports are used by economists, industry analysts, and policymakers to gauge the competitiveness of the domestic automotive manufacturing sector and the overall trade position.
Key Facts
- Imports of automotive parts reached a record high in Q4 2021.
- China is the largest source of automotive parts imports to the U.S.
- Automotive parts and accessories account for over 10% of total U.S. merchandise imports.
FAQs
Q: What does this economic trend measure?
A: The Quarterly, Not Seasonally Adjusted trend measures the dollar value of automotive parts and accessories imported into the United States on a quarterly basis.
Q: Why is this trend relevant for users or analysts?
A: Trends in automotive parts and accessories imports provide insight into the health and competitiveness of the domestic automotive manufacturing industry, as well as the overall U.S. trade balance.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on customs import records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to assess the impact of trade policies and tariffs on the automotive industry, and to inform decisions around trade agreements and domestic manufacturing incentives.
Q: Are there update delays or limitations?
A: The data is reported on a quarterly basis, with a lag of approximately two months from the end of the reference quarter.
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IEAMSI
U.S. Imports of Services: Other Business Services
ITMOBSM133S
Primary income payments: Investment income: Direct investment income
IEAMIDN
Citation
U.S. Federal Reserve, Quarterly, Not Seasonally Adjusted (IEAMGAVN), retrieved from FRED.