International Trade: Imports: Value (Goods): Total for Brazil
XTIMVA01BRQ188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
10.53
Year-over-Year Change
7.96%
Date Range
1/1/1996 - 7/1/2023
Summary
The 'International Trade: Imports: Value (Goods): Total for Brazil' metric measures the total value of goods imported into Brazil. This data point is crucial for understanding Brazil's trade balance and international economic integration.
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 goods imported into Brazil, which is an important indicator of the country's international trade activity and economic performance. Analysts and policymakers use this data to assess Brazil's trade relationships, competitiveness, and overall economic health.
Methodology
The data is collected and calculated by the U.S. Federal Reserve based on official Brazilian government import statistics.
Historical Context
This import value trend is closely watched by economists, investors, and policymakers to gauge Brazil's trade dynamics and their impacts on the broader economy.
Key Facts
- Brazil is one of the world's largest importers of goods.
- Import values fluctuate based on Brazil's economic growth, currency exchange rates, and trade policies.
- Monitoring import trends is crucial for assessing Brazil's trade deficit or surplus.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of goods imported into Brazil, providing insight into the country's international trade activity and economic integration.
Q: Why is this trend relevant for users or analysts?
A: Tracking Brazil's import values is important for assessing the country's trade balance, competitiveness, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve based on official Brazilian government import statistics.
Q: How is this trend used in economic policy?
A: Economists, investors, and policymakers closely monitor this import value trend to gauge Brazil's trade dynamics and their impacts on the broader economy.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and accuracy of the underlying Brazilian government trade statistics.
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Citation
U.S. Federal Reserve, International Trade: Imports: Value (Goods): Total for Brazil (XTIMVA01BRQ188S), retrieved from FRED.