U.S. Imports of Goods by Customs Basis from Spain
IMP4700 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,989.31
Year-over-Year Change
5.58%
Date Range
1/1/1985 - 6/1/2025
Summary
This economic trend measures the value of goods imported into the United States from Spain on a customs basis. It provides insights into trade and economic relationships 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 Spain tracks the monetary value of physical goods purchased from Spain and brought into the United States. This data is used by economists and policymakers to analyze trade balances, supply chain dynamics, and broader economic connections.
Methodology
The data is collected by the U.S. Census Bureau through surveys of importers and customs declarations.
Historical Context
This trend is relevant for assessing the health of U.S.-Spain commercial ties and informing trade policy decisions.
Key Facts
- Spain is one of the top trading partners for the United States.
- The value of U.S. imports from Spain has grown steadily over the past decade.
- Machinery, vehicles, and chemicals are major categories of imports from Spain.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monetary value of physical goods imported into the United States from Spain on a customs basis.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade relationship between the U.S. and Spain, which is important for understanding economic connections and informing policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of importers and customs declarations.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze trade balances, supply chain dynamics, and broader economic connections between the United States and Spain.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical lag of 1-2 months from the reference period.
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Citation
U.S. Federal Reserve, U.S. Imports of Goods by Customs Basis from Spain (IMP4700), retrieved from FRED.