U.S. Imports of Services: Transport
ITMTRAM133S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,556.00
Year-over-Year Change
-1.31%
Date Range
1/1/1999 - 6/1/2025
Summary
The U.S. Imports of Services: Transport measures the value of transportation services imported into the United States. It is a key indicator of international trade 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 tracks the imports of transportation services, including passenger air travel, freight shipping, and other transport-related activities. It provides insights into the demand for global logistics and the flow of goods and people across borders.
Methodology
The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and travelers.
Historical Context
Policymakers and economists use this trend to assess the health of the U.S. trade balance and the broader economy.
Key Facts
- The U.S. imported $198.4 billion in transport services in 2021.
- Transport services account for approximately 20% of total U.S. services imports.
- Air passenger transport is the largest component of U.S. transport services imports.
FAQs
Q: What does this economic trend measure?
A: The U.S. Imports of Services: Transport measures the value of transportation services imported into the United States, including passenger air travel, freight shipping, and other transport-related activities.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the demand for global logistics and the flow of goods and people across borders, which is important for assessing the health of the U.S. trade balance and the broader economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Bureau of Economic Analysis through surveys of businesses and travelers.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to monitor the U.S. trade balance and the overall state of the economy, which can inform decisions on trade policies, infrastructure investments, and other economic measures.
Q: Are there update delays or limitations?
A: The data is typically published on a monthly basis with a lag of several weeks, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, U.S. Imports of Services: Transport (ITMTRAM133S), retrieved from FRED.