International Trade: Imports: Value (Goods): Total for Switzerland
XTIMVA01CHA188S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
30.10
Year-over-Year Change
7.98%
Date Range
1/1/1980 - 1/1/2022
Summary
This economic trend tracks the total value of goods imported into Switzerland. It serves as an important indicator of Switzerland's international trade and 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
The International Trade: Imports: Value (Goods): Total for Switzerland metric measures the total monetary value of all goods imported into the Swiss economy from other countries. This provides insights into Switzerland's participation in global supply chains and trade flows.
Methodology
The data is collected and calculated by the Swiss Federal Customs Administration.
Historical Context
This metric is closely watched by economists, policymakers, and market analysts to assess Switzerland's economic performance and trade dynamics.
Key Facts
- Switzerland is a major global trading hub.
- Imports account for over 50% of Switzerland's GDP.
- China is Switzerland's largest import source.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of all goods imported into Switzerland from other countries.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Switzerland's participation in global trade and supply chains, which is crucial for understanding the country's economic performance and integration.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Swiss Federal Customs Administration.
Q: How is this trend used in economic policy?
A: This metric is closely watched by economists, policymakers, and market analysts to assess Switzerland's economic performance and trade dynamics, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is reported monthly, with a typical delay of 1-2 months.
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Citation
U.S. Federal Reserve, International Trade: Imports: Value (Goods): Total for Switzerland (XTIMVA01CHA188S), retrieved from FRED.