U.S. Imports of Goods by Customs Basis from South Korea
IMPKR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,391.55
Year-over-Year Change
0.39%
Date Range
1/1/1985 - 6/1/2025
Summary
The U.S. Imports of Goods by Customs Basis from South Korea measures the value of goods imported into the United States from South Korea. This metric is crucial for analyzing trade dynamics and 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 economic indicator tracks the total dollar value of physical goods imported into the U.S. from South Korea, regardless of their country of origin. It provides insight into the flow of trade, supply chain linkages, and the relative economic standing between the two nations.
Methodology
The data is collected by the U.S. Census Bureau through customs declarations and border crossing records.
Historical Context
Policymakers and analysts use this metric to assess the health of the U.S.-South Korea trade relationship and its implications for domestic industries and consumers.
Key Facts
- South Korea is one of the top trading partners for the United States.
- Imports from South Korea account for a significant portion of the U.S. trade deficit.
- The U.S. Imports of Goods from South Korea has shown steady growth over the past decade.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the total value of physical goods imported into the United States from South Korea, regardless of their country of origin.
Q: Why is this trend relevant for users or analysts?
A: This metric provides crucial insights into the trade dynamics and economic relationship between the U.S. and South Korea, which is important for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through customs declarations and border crossing records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of the U.S.-South Korea trade relationship and its implications for domestic industries and consumers.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Census Bureau with a typical lag of 1-2 months.
Related Trends
Imports of Goods: Manufactured Commodities for Puerto Rico
IMPMANPR
U.S. Imports of Services: Other Business Services
ITMOBSM133S
Imports of Services, Balance of Payments Basis
BOPSIMP
U.S. Imports of Services: Transport
ITMTRAM133S
Imports of Services: Transport
IEAMST
Primary income payments: Investment income
IEAMII
Citation
U.S. Federal Reserve, U.S. Imports of Goods by Customs Basis from South Korea (IMPKR), retrieved from FRED.