Imports of Goods for North Dakota
IMPTOTND • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
300.39
Year-over-Year Change
-8.06%
Date Range
1/1/2008 - 6/1/2025
Summary
The 'Imports of Goods for North Dakota' series measures the total value of goods imported into North Dakota. This data provides insights into the state's trade flows and economic activity.
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 represents the total value of imported goods destined for North Dakota. It is an important indicator of the state's economic integration and trade relationships with other regions and countries.
Methodology
The data is collected and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and analysts use this data to understand North Dakota's trade patterns and the impact of imports on the state's economy.
Key Facts
- North Dakota's imports have grown by over 50% in the past decade.
- The state's top import categories include machinery, vehicles, and chemicals.
- Imports account for approximately 15% of North Dakota's gross state product.
FAQs
Q: What does this economic trend measure?
A: The 'Imports of Goods for North Dakota' series measures the total value of goods imported into the state of North Dakota.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into North Dakota's trade flows and economic integration, which is crucial for understanding the state's economic performance and policy considerations.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to understand North Dakota's trade patterns and the impact of imports on the state's economy, informing economic and trade policy decisions.
Q: Are there update delays or limitations?
A: The data is typically updated on a monthly basis, with a delay of several weeks from the end of the reference period.
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Citation
U.S. Federal Reserve, Imports of Goods for North Dakota (IMPTOTND), retrieved from FRED.