U.S. Imports of Goods by Customs Basis from Singapore
IMP5590 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,977.44
Year-over-Year Change
-30.67%
Date Range
1/1/1985 - 6/1/2025
Summary
The U.S. Imports of Goods by Customs Basis from Singapore measures the value of physical goods imported from Singapore, excluding services. This metric is crucial for understanding trade dynamics and the flow of goods between the U.S. and its trading partners.
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 total dollar value of merchandise imported into the United States from Singapore, including goods purchased directly by consumers, businesses, and the government. It provides insights into the trade relationship between the two countries and is used by policymakers and analysts to assess the state of the U.S. economy and international commerce.
Methodology
The data is collected by the U.S. Census Bureau through its international trade statistics program.
Historical Context
Trends in U.S. imports are closely monitored by the Federal Reserve and other government agencies to inform economic policy decisions.
Key Facts
- Singapore is the 13th largest source of U.S. imports.
- U.S. imports from Singapore have grown by 75% over the past decade.
- Machinery and electronics make up over 60% of U.S. imports from Singapore.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of physical goods imported into the United States from Singapore, excluding services.
Q: Why is this trend relevant for users or analysts?
A: Tracking U.S. imports from Singapore is crucial for understanding trade dynamics and the flow of goods between the two countries, which informs economic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through its international trade statistics program.
Q: How is this trend used in economic policy?
A: Trends in U.S. imports are closely monitored by the Federal Reserve and other government agencies to inform economic policy decisions.
Q: Are there update delays or limitations?
A: There may be minor delays in data reporting, but the U.S. Census Bureau provides timely and comprehensive international trade statistics.
Related Trends
Number of Identified Exporters to Singapore from Indiana
INSGPA475SCEN
Amount Outstanding of Domestic Bonds and Notes in General Government Sector, Long-Term at Original Maturity, Residence of Issuer in Singapore
DBNLTRIAOGGSG
Provisions to Non-Performing Loans for Singapore
DDSI07SGA156NWDB
Use of Financial Services: Number of Borrowers at Other Depository Corporations for Singapore
SGPFCRODPENUM
Consolidated Foreign Claims of BIS-Reporting Banks to GDP for Singapore
DDOI12SGA156NWDB
Number of Identified Exporters to Singapore from Massachusetts
MASGPA475SCEN
Citation
U.S. Federal Reserve, U.S. Imports of Goods by Customs Basis from Singapore (IMP5590), retrieved from FRED.