U.S. Imports of Goods by Customs Basis from Ecuador
IMP3310 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
709.66
Year-over-Year Change
-6.43%
Date Range
1/1/1985 - 6/1/2025
Summary
This economic indicator tracks the value of U.S. imports of goods from Ecuador on a customs basis. It provides insights into trade flows and the strength of the economic relationship between the two countries.
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 Ecuador measures the dollar value of physical goods imported into the United States from Ecuador, as recorded by U.S. Customs and Border Protection. This metric is closely watched by economists and policymakers to analyze trade dynamics and the impacts on domestic industries.
Methodology
The data is collected directly from U.S. Customs and Border Protection records on imported goods.
Historical Context
This indicator is used to inform trade policy decisions and assessments of the U.S.-Ecuador economic relationship.
Key Facts
- Ecuador is the 42nd largest source of U.S. imports.
- U.S. imports from Ecuador have grown by 25% over the past decade.
- The top U.S. imports from Ecuador are crude oil, fresh cut flowers, and bananas.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the dollar value of physical goods imported into the United States from Ecuador, as recorded by U.S. Customs and Border Protection.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into trade flows and the strength of the economic relationship between the U.S. and Ecuador, which is useful for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected directly from U.S. Customs and Border Protection records on imported goods.
Q: How is this trend used in economic policy?
A: This indicator is used to inform trade policy decisions and assessments of the U.S.-Ecuador economic relationship.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, U.S. Imports of Goods by Customs Basis from Ecuador (IMP3310), retrieved from FRED.