U.S. Imports of Goods by Customs Basis from Kiribati
IMP6226 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
0.06
Year-over-Year Change
-4.21%
Date Range
1/1/1992 - 6/1/2025
Summary
The U.S. Imports of Goods by Customs Basis from Kiribati trend measures the value of goods imported into the United States from Kiribati. This metric is important for economists and policymakers to analyze trade flows and assess 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
This series tracks the dollar value of physical goods, excluding services, that are imported into the United States from Kiribati. The data is reported on a customs basis, meaning it captures the full transaction value including freight, insurance, and other charges. Monitoring import trends can provide insights into the trade balance and commercial ties between nations.
Methodology
The U.S. Census Bureau collects this data through its international trade reporting system.
Historical Context
Policymakers and market analysts closely follow U.S. import data to assess the health of the broader economy and international trade dynamics.
Key Facts
- Kiribati is a Pacific island nation located in Oceania.
- The U.S. was Kiribati's 5th largest import partner in 2021.
- Imports from Kiribati account for less than 0.01% of total U.S. imports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of physical goods imported into the United States from Kiribati on a customs basis, including freight, insurance, and other charges.
Q: Why is this trend relevant for users or analysts?
A: Monitoring U.S. import trends from specific countries provides insights into trade flows, economic relationships, and the broader health of the American economy.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through its international trade reporting system.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts track U.S. import data to assess trade dynamics and the overall state of the economy.
Q: Are there update delays or limitations?
A: This data is subject to periodic revisions and may have a 1-2 month reporting lag.
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Citation
U.S. Federal Reserve, U.S. Imports of Goods by Customs Basis from Kiribati (IMP6226), retrieved from FRED.