Imports of Services
Annual, Not Seasonally Adjusted
IEAMSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
840,877.00
Year-over-Year Change
79.06%
Date Range
1/1/1999 - 1/1/2024
Summary
The Annual, Not Seasonally Adjusted economic trend measures the value of imports of energy-related petroleum products into the United States. This metric is closely watched by economists and policymakers to gauge energy supply and demand 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 Annual, Not Seasonally Adjusted series tracks the dollar value of crude oil, petroleum products, and related energy imports entering the U.S. It provides a high-level indicator of energy trade flows and can signal shifts in domestic energy production, refining, and consumption.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs declarations and import documentation.
Historical Context
This trend is used by the Federal Reserve, Department of Energy, and private-sector analysts to monitor energy market conditions and inform economic and policy decisions.
Key Facts
- Energy-related imports account for over 20% of total U.S. merchandise imports.
- Crude oil makes up the largest share of energy-related imports at around 80%.
- The U.S. has been a net importer of energy products since the 1950s.
FAQs
Q: What does this economic trend measure?
A: The Annual, Not Seasonally Adjusted trend measures the total dollar value of energy-related products, including crude oil and petroleum, imported into the United States over a 12-month period.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into U.S. energy supply and demand dynamics, which are critical factors for policymakers, businesses, and consumers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau based on import documentation and customs declarations.
Q: How is this trend used in economic policy?
A: The Annual, Not Seasonally Adjusted energy imports trend is closely monitored by the Federal Reserve, Department of Energy, and other institutions to assess energy market conditions and inform macroeconomic and energy policy decisions.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months, so the most recent figures may not fully reflect the current state of energy imports.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (IEAMSA), retrieved from FRED.