Imports of Goods: Manufactured Commodities for North Dakota
IMPMANND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
197.44
Year-over-Year Change
-9.85%
Date Range
1/1/2008 - 6/1/2025
Summary
The 'Imports of Goods: Manufactured Commodities for North Dakota' trend measures the value of manufactured goods imported into North Dakota. This provides insight into the state's participation in global trade and manufacturing supply chains.
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 total dollar value of manufactured goods imported into North Dakota from other countries. It offers a window into the state's international trade flows and integration with global production networks.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this metric to assess North Dakota's economic openness and dependence on foreign-made inputs.
Key Facts
- North Dakota's manufactured imports peaked in 2014 at over $6 billion.
- Machinery and transportation equipment make up the largest share of the state's manufactured imports.
- Imports of manufactured goods account for around 10% of North Dakota's total economic output.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total value of manufactured goods imported into the state of North Dakota from other countries.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into North Dakota's participation in global manufacturing supply chains and its dependence on foreign-made inputs.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess North Dakota's economic openness and integration with the global economy.
Q: Are there update delays or limitations?
A: This data is published monthly with a lag of several weeks.
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Citation
U.S. Federal Reserve, Imports of Goods: Manufactured Commodities for North Dakota (IMPMANND), retrieved from FRED.