Imports of Services: Maintenance and repair services n.i.e.
IEAMSM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,827.00
Year-over-Year Change
42.51%
Date Range
1/1/1999 - 1/1/2025
Summary
The Imports of Services: Maintenance and repair services n.i.e. trend measures the value of imported services related to the maintenance and repair of goods, excluding installation services. This metric provides insights into the international trade of these specialized services.
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 economic indicator tracks the value of imported services for maintenance and repair work that is not considered installation. It is an important component of the broader services trade balance and can reveal patterns in global supply chains and the outsourcing of specialized technical services.
Methodology
The data is collected and reported by the U.S. Bureau of Economic Analysis.
Historical Context
Policymakers and analysts use this metric to assess the competitiveness and integration of the U.S. services sector in the global economy.
Key Facts
- Imports of maintenance/repair services reached $17.6 billion in 2021.
- This category accounts for around 2% of total U.S. services imports.
- The trend has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Imports of Services: Maintenance and repair services n.i.e. trend measures the value of imported services related to the maintenance and repair of goods, excluding installation services.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the international trade of specialized maintenance and repair services, which is an important component of the broader services trade balance and can reveal patterns in global supply chains.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Bureau of Economic Analysis.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the competitiveness and integration of the U.S. services sector in the global economy.
Q: Are there update delays or limitations?
A: The data is reported on a regular basis with minimal delays.
Related Trends
Imports of Goods: General Merchandise: Foods, feeds, and beverages
IEAMGFN
U.S. Imports of Services: Maintenance and Repair Services, not included elsewhere
ITMMARM133S
U.S. Imports of Services: Financial Services
ITMFISM133S
Advance U.S. International Trade in Goods: Imports: Foods, Feeds, & Beverages
AITGIFN
Imports of Services: Other business services
IEAMSB
Imports of Services: Telecommunications, computer, and information services
IEAMSTC
Citation
U.S. Federal Reserve, Imports of Services: Maintenance and repair services n.i.e. (IEAMSM), retrieved from FRED.