Imports of Goods for Alabama
IMPTOTAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,743.88
Year-over-Year Change
-6.10%
Date Range
1/1/2008 - 6/1/2025
Summary
The 'Imports of Goods for Alabama' metric tracks the total value of goods imported into the state of Alabama over time. This provides insight into Alabama's participation in international trade and can inform economic policymaking.
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 measures the monetary value of physical goods imported into Alabama from other countries. It is a key indicator of the state's economic integration with global markets and can signal changes in consumer demand, industrial production, and trade policy.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of importers and customs records.
Historical Context
Policymakers and analysts use this metric to assess Alabama's trade dynamics and competitiveness within the national and global economy.
Key Facts
- Alabama's imports of goods totaled over $17 billion in 2021.
- Machinery and transportation equipment make up the largest share of Alabama's imports.
- China is Alabama's top import trading partner, accounting for over 20% of the state's total imports.
FAQs
Q: What does this economic trend measure?
A: The 'Imports of Goods for Alabama' metric tracks the total monetary value of physical goods imported into the state of Alabama from other countries.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Alabama's participation in international trade and can inform economic policymaking related to consumer demand, industrial production, and trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of importers and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Alabama's trade competitiveness and integration with the global economy.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay from the reference period.
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Citation
U.S. Federal Reserve, Imports of Goods for Alabama (IMPTOTAL), retrieved from FRED.