U.S. Imports of Goods by Customs Basis from Iran
IMP5070 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.08
Year-over-Year Change
-6.24%
Date Range
1/1/1985 - 6/1/2025
Summary
This economic trend measures the value of U.S. imports of goods from Iran on a customs basis. It provides insights into trade flows and economic relations 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 Iran series tracks the total value of physical goods imported into the United States from Iran. This metric is used by economists and policymakers to analyze trade dynamics and the impact of sanctions or policies affecting commercial exchange.
Methodology
The data is collected by the U.S. Census Bureau based on customs declarations and import documentation.
Historical Context
This economic indicator is relevant for assessing the state of U.S.-Iran trade relations and the effectiveness of trade policies.
Key Facts
- Data is reported monthly.
- Imports from Iran have declined significantly since 2018 due to U.S. sanctions.
- The trend provides insight into the impact of geopolitical tensions on commercial ties.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of physical goods imported into the United States from Iran on a customs basis.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into trade dynamics and the impact of sanctions or policies affecting commercial exchange between the U.S. and Iran.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau based on customs declarations and import documentation.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess the state of U.S.-Iran trade relations and the effectiveness of trade policies.
Q: Are there update delays or limitations?
A: The data is reported monthly, with potential delays in availability due to the nature of customs and trade reporting.
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Citation
U.S. Federal Reserve, U.S. Imports of Goods by Customs Basis from Iran (IMP5070), retrieved from FRED.