Imports of Goods: Non-Manufactured Commodities for Idaho
IMPNONID • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
23.81
Year-over-Year Change
-29.44%
Date Range
1/1/2008 - 6/1/2025
Summary
The 'Imports of Goods: Non-Manufactured Commodities for Idaho' measures the value of non-manufactured goods imported into Idaho. This metric is important for economists and policymakers to understand the state's trade dynamics and resource needs.
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 non-manufactured goods, such as agricultural products and raw materials, that are imported into the state of Idaho. It provides insight into the state's reliance on external sources for certain commodities and resources.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Policymakers and economists use this metric to assess Idaho's economic and trade conditions.
Key Facts
- Idaho is a major agricultural producer in the U.S.
- Non-manufactured imports make up a significant portion of Idaho's total imports.
- Trends in this metric can signal changes in Idaho's resource needs and trade relationships.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of non-manufactured goods, such as agricultural products and raw materials, that are imported into the state of Idaho.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Idaho's reliance on external sources for certain commodities and resources, which is relevant for understanding the state's trade dynamics and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Idaho's economic and trade conditions, which can inform policy decisions related to trade, resource management, and economic development.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological constraints of the U.S. Census Bureau, which may result in occasional update delays or revisions.
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Citation
U.S. Federal Reserve, Imports of Goods: Non-Manufactured Commodities for Idaho (IMPNONID), retrieved from FRED.