International Trade: Imports: Value (Goods): Total for Austria
XTIMVA01ATA188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
49.48
Year-over-Year Change
22.76%
Date Range
1/1/1995 - 1/1/2022
Summary
The 'International Trade: Imports: Value (Goods): Total for Austria' series measures the total value of goods imported into Austria. This metric is important for economists and policymakers to analyze Austria's trade balance and its participation in the global economy.
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 all goods imported into Austria, including capital goods, consumer goods, and raw materials. It is a key indicator of Austria's international trade flows and economic integration with global supply chains.
Methodology
The data is collected and reported by Statistics Austria, the national statistical agency.
Historical Context
Policymakers and analysts use this metric to assess Austria's trade dynamics and competitiveness in international markets.
Key Facts
- Austria is a major importer of goods, with imports totaling over €200 billion annually.
- Machinery and transportation equipment account for a significant share of Austria's total imports.
- China is one of Austria's largest import trading partners.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of all goods imported into Austria, including capital goods, consumer goods, and raw materials.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for economists and policymakers to analyze Austria's trade balance and its participation in the global economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by Statistics Austria, the national statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Austria's trade dynamics and competitiveness in international markets.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule with minimal delays, providing timely insights into Austria's international trade flows.
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Citation
U.S. Federal Reserve, International Trade: Imports: Value (Goods): Total for Austria (XTIMVA01ATA188S), retrieved from FRED.