Raw Silk Stocks in Transit Between Japan and the United States
M05088M587NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.50
Year-over-Year Change
-12.56%
Date Range
1/1/1923 - 6/1/1941
Summary
This economic trend measures the total volume of raw silk in transit between Japan and the United States. It provides important insights into the international trade of this critical textile commodity.
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
The raw silk stocks in transit indicator tracks the physical shipment of unprocessed silk between the two major global producers and consumers. This metric helps economists and policymakers understand the dynamics of the global silk supply chain and trade flows.
Methodology
The data is collected through surveys of silk producers, shippers, and customs authorities.
Historical Context
Changes in this trend can signal shifts in consumer demand, international trade policies, or production capacity in the silk industry.
Key Facts
- Raw silk is a luxury natural fiber with a global market value of over $20 billion.
- The United States and Japan account for over 70% of worldwide silk consumption.
- Silk production is concentrated in China, which supplies about 80% of the global raw silk.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total volume of raw, unprocessed silk in transit between Japan and the United States, the two largest global consumers of silk.
Q: Why is this trend relevant for users or analysts?
A: Changes in raw silk stocks in transit can signal shifts in international trade patterns, consumer demand, or production capacity in the global silk industry.
Q: How is this data collected or calculated?
A: The data is collected through surveys of silk producers, shippers, and customs authorities.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to understand the dynamics of the global silk supply chain and trade flows, which can have implications for consumer prices, industrial production, and international commerce.
Q: Are there update delays or limitations?
A: The data may be subject to reporting lags or incomplete coverage of all silk shipments between the two countries.
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Citation
U.S. Federal Reserve, Raw Silk Stocks in Transit Between Japan and the United States (M05088M587NNBR), retrieved from FRED.