International Merchandise Trade Statistics: Imports: Commodities for Denmark
XTIMVA01DKM664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
80,198,500,000.00
Year-over-Year Change
5.02%
Date Range
1/1/1955 - 5/1/2025
Summary
This economic trend measures the value of imports of various commodities into Denmark. It is a key indicator of Denmark's international trade dynamics and domestic consumption patterns.
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 Denmark tracks the dollar value of imported goods and raw materials into the Danish economy. This data series is used by economists and policymakers to analyze Denmark's participation in global supply chains and the changing composition of its imports over time.
Methodology
The data is collected through customs declarations and surveys of importing businesses.
Historical Context
This import data informs analyses of Denmark's trade balance, consumer demand, and industrial production.
Key Facts
- Denmark is the largest economy in Scandinavia.
- Imports account for over 50% of Denmark's GDP.
- Machinery and transport equipment are Denmark's top imported commodities.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of imported goods and raw materials into the Danish economy, broken down by commodity type.
Q: Why is this trend relevant for users or analysts?
A: This import data is crucial for understanding Denmark's participation in global trade, consumer demand patterns, and industrial production.
Q: How is this data collected or calculated?
A: The data is collected through customs declarations and surveys of importing businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this import data to assess Denmark's trade balance, consumer spending, and industrial competitiveness.
Q: Are there update delays or limitations?
A: There may be some delays in reporting the latest monthly import figures, but the data series provides a comprehensive view of Denmark's commodity imports over time.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Denmark (XTIMVA01DKM664S), retrieved from FRED.