International Merchandise Trade Statistics: Imports: Commodities for Brazil
XTIMVA01BRA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8.54
Year-over-Year Change
-947.45%
Date Range
1/1/1972 - 1/1/2024
Summary
The International Merchandise Trade Statistics: Imports: Commodities for Brazil measures the value of Brazil's imports of various goods and commodities. This indicator provides insights into Brazil's trade balance and the composition of its international trade flows.
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 data series from the United Nations tracks the monetary value of all goods imported into Brazil, categorized by commodity type. It is a key metric for analyzing Brazil's trade position, competitiveness, and integration with the global economy.
Methodology
The data is collected through reports from Brazil's customs and statistical agencies.
Historical Context
Policymakers and analysts use this data to assess Brazil's trade patterns and the impact of economic policies on the country's import activity.
Key Facts
- Brazil is a major importer of machinery, electrical equipment, and transportation equipment.
- Imports account for around 15% of Brazil's total GDP.
- Brazil's top import sources are China, the United States, and Germany.
FAQs
Q: What does this economic trend measure?
A: This data series measures the monetary value of all goods and commodities imported into Brazil, providing insights into the composition and trends of the country's import activity.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding Brazil's trade balance, competitiveness, and integration with the global economy, and informs policymaking and economic analysis.
Q: How is this data collected or calculated?
A: The data is collected through reports from Brazil's customs and statistical agencies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess Brazil's trade patterns and the impact of economic policies on the country's import activity.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of Brazil's statistical agencies, which may result in some update delays or limitations.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Brazil (XTIMVA01BRA657S), retrieved from FRED.