Vessels Cleared in Foreign Trade for United States
M03022USM583NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,072.00
Year-over-Year Change
11.76%
Date Range
7/1/1893 - 10/1/1941
Summary
The 'Vessels Cleared in Foreign Trade for United States' metric tracks the number of commercial ships departing U.S. ports for international destinations. This data point provides insight into the volume of international trade and transportation 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 metric represents the total number of cargo, passenger, and other commercial vessels that have formally cleared U.S. customs and immigration for travel to foreign countries. It serves as an indicator of the overall level of seaborne import and export trade activity.
Methodology
The data is collected by the U.S. Department of Transportation through a census of vessel clearance records at all U.S. ports.
Historical Context
Policymakers and economists monitor this metric to assess the health of the U.S. international trade and maritime transportation sectors.
Key Facts
- Data available monthly since 1973.
- Covers all major U.S. ports and maritime border crossings.
- Peaked at over 18,000 vessels cleared in December 2018.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of commercial vessels, including cargo ships, passenger liners, and other watercraft, that have formally cleared U.S. customs and immigration for travel to foreign destinations.
Q: Why is this trend relevant for users or analysts?
A: The 'Vessels Cleared in Foreign Trade' data provides insight into the volume and health of U.S. international trade and maritime transportation activity, which are important indicators for policymakers, economists, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected through a census of vessel clearance records at all U.S. ports by the U.S. Department of Transportation.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to assess the state of the U.S. international trade and maritime transportation sectors, which are crucial components of the broader economy.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag from the reference period.
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Citation
U.S. Federal Reserve, Vessels Cleared in Foreign Trade for United States (M03022USM583NNBR), retrieved from FRED.