International Merchandise Trade Statistics: Imports: Commodities for Czechia
XTIMVA01CZM667S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,048,400,000.00
Year-over-Year Change
5.70%
Date Range
1/1/1991 - 5/1/2025
Summary
The International Merchandise Trade Statistics: Imports: Commodities for Czechia measures the monetary value of goods imported into Czechia from other countries. This metric is a key indicator of Czechia's international trade and economic activity.
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 Merchandise Trade Statistics: Imports: Commodities for Czechia captures the total value of products and raw materials purchased by Czechia from foreign suppliers. This data provides insights into Czechia's trade balance, consumer demand, and reliance on imported goods.
Methodology
The data is collected by Czechia's national statistical agency based on customs declarations and other administrative records.
Historical Context
Economists and policymakers monitor this import data to assess Czechia's economic performance and competitiveness in global markets.
Key Facts
- Czechia is a major importer of machinery, vehicles, and electrical equipment.
- Import values have risen steadily over the past decade as Czechia's economy has grown.
- Trade data is closely watched for signs of economic slowdown or changing trade patterns.
FAQs
Q: What does this economic trend measure?
A: The International Merchandise Trade Statistics: Imports: Commodities for Czechia measures the total monetary value of goods imported into Czechia from other countries.
Q: Why is this trend relevant for users or analysts?
A: This import data provides key insights into Czechia's trade balance, consumer demand, and overall economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by Czechia's national statistical agency based on customs declarations and other administrative records.
Q: How is this trend used in economic policy?
A: Economists and policymakers closely monitor this import data to assess Czechia's economic health and trade dynamics.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule with minimal lags, providing timely insights into Czechia's trade activity.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Czechia (XTIMVA01CZM667S), retrieved from FRED.