U.S. Imports of Goods by Customs Basis from Canada
IMPCA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29,687.71
Year-over-Year Change
-13.73%
Date Range
1/1/1985 - 6/1/2025
Summary
The U.S. Imports of Goods by Customs Basis from Canada measure the value of goods imported from Canada on a customs basis. This metric is a key indicator of trade dynamics 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 data series represents the monetary value of physical goods imported into the United States from Canada through customs. It is a widely used metric for analyzing bilateral trade flows and assessing the strength of economic ties between the U.S. and its northern neighbor.
Methodology
The data is collected and calculated by the U.S. Census Bureau based on customs declarations.
Historical Context
This import trend is closely monitored by policymakers, economists, and market analysts to gauge the state of the U.S.-Canada trade relationship.
Key Facts
- Canada is the largest trading partner for the United States.
- Imports from Canada account for over 12% of total U.S. goods imports.
- U.S. imports from Canada have steadily increased over the past decade.
FAQs
Q: What does this economic trend measure?
A: This data series measures the value of physical goods imported from Canada into the United States through customs channels.
Q: Why is this trend relevant for users or analysts?
A: This import trend is a critical indicator of the strength of the U.S.-Canada trade relationship and is closely followed by policymakers, economists, and market participants.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau based on customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers monitor this import trend to assess the state of bilateral trade and inform decisions around trade agreements, tariffs, and other policies affecting U.S.-Canada commerce.
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.
Related Trends
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Citation
U.S. Federal Reserve, U.S. Imports of Goods by Customs Basis from Canada (IMPCA), retrieved from FRED.