U.S. Imports of Goods by Customs Basis from European Union
IMP0003 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,726.00
Year-over-Year Change
-6.30%
Date Range
1/1/1997 - 6/1/2025
Summary
This trend measures the total value of goods imported into the U.S. from the European Union, providing insight into trade dynamics and economic activity.
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 U.S. Imports of Goods by Customs Basis from European Union tracks the dollar value of merchandise imported from the EU on a monthly basis. This key economic indicator is used to analyze trade patterns, consumer demand, and the strength of commercial relationships.
Methodology
The data is collected by the U.S. Census Bureau through customs records and international trade reporting.
Historical Context
Policymakers and market analysts closely monitor import trends to assess the health of the domestic economy and international trade balance.
Key Facts
- Imports from the EU accounted for 17.3% of total U.S. goods imports in 2022.
- The U.S. trade deficit with the EU was $181.9 billion in 2022.
- Machinery, vehicles, and pharmaceuticals are top import categories from the EU.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods imported into the United States from the European Union, providing insight into trade dynamics and economic activity.
Q: Why is this trend relevant for users or analysts?
A: Tracking imports from the EU is crucial for understanding the state of international trade, consumer demand, and the overall health of the domestic economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through customs records and international trade reporting.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts closely monitor import trends to assess the trade balance and make informed decisions about economic and trade policies.
Q: Are there update delays or limitations?
A: The data is reported monthly with a typical 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, U.S. Imports of Goods by Customs Basis from European Union (IMP0003), retrieved from FRED.