U.S. Imports of Goods by Customs Basis from Australia
IMP6021 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,379.02
Year-over-Year Change
19.49%
Date Range
1/1/1985 - 6/1/2025
Summary
This economic trend measures the value of goods imported into the United States from Australia on a customs basis. It provides insight into the trade 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 Australia series tracks the monetary value of physical merchandise imported from Australia. It is a key metric for analyzing the bilateral trade flows and economic interdependence between the U.S. and Australia.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs documentation.
Historical Context
This import data is widely used by policymakers, trade analysts, and businesses to monitor and interpret the evolving commercial ties between the U.S. and its major trading partners.
Key Facts
- Australia is the 18th largest source of U.S. imports.
- U.S. imports from Australia reached a record high in 2021.
- Goods imports account for over 75% of total U.S. trade with Australia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of physical goods imported into the United States from Australia on a customs basis.
Q: Why is this trend relevant for users or analysts?
A: This import data provides important insights into the trade relationship and economic interdependence between the U.S. and Australia, a key strategic and economic partner.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on customs documentation for goods entering the United States.
Q: How is this trend used in economic policy?
A: Policymakers, trade analysts, and businesses use this import data to monitor evolving commercial ties and make informed decisions about economic and trade policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a 1-2 month lag, 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 Australia (IMP6021), retrieved from FRED.