Federal Budget Receipts, Customs for United States
M15001USM144NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
84.69
Year-over-Year Change
25.17%
Date Range
1/1/1876 - 4/1/1959
Summary
The Federal Budget Receipts, Customs for United States measures the total amount of customs duties and fees collected by the U.S. government. This metric is a key indicator of international trade activity and government revenue generation.
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 Federal Budget Receipts, Customs series tracks the value of customs duties and other fees collected by the U.S. Treasury as goods are imported into the country. This data provides insight into both the volume of international trade and the fiscal resources available to the federal government.
Methodology
The data is collected by the U.S. Bureau of the Census and published by the Federal Reserve Economic Data (FRED) system.
Historical Context
Customs receipts data is widely used by economists and policymakers to assess the state of global trade and the financial health of the federal government.
Key Facts
- Customs duties contributed $53 billion to the U.S. federal budget in 2021.
- Customs receipts have declined from a peak of over $31 billion in 2021 to $24 billion in 2022.
- The U.S. imposed new tariffs on $200 billion in Chinese imports in 2018, significantly boosting customs revenue.
FAQs
Q: What does this economic trend measure?
A: The Federal Budget Receipts, Customs series measures the total value of customs duties and fees collected by the U.S. government on imported goods.
Q: Why is this trend relevant for users or analysts?
A: Customs receipts data provides insight into the volume of international trade and serves as an important revenue source for the federal government's budget.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau and published by the Federal Reserve Economic Data (FRED) system.
Q: How is this trend used in economic policy?
A: Customs receipts data is closely monitored by economists and policymakers to assess the health of the U.S. economy and the government's fiscal position.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months.
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Citation
U.S. Federal Reserve, Federal Budget Receipts, Customs for United States (M15001USM144NNBR), retrieved from FRED.