International Merchandise Trade Statistics: Imports: Commodities for Estonia
XTIMVA01EEA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.04
Year-over-Year Change
-150.01%
Date Range
1/1/1994 - 1/1/2024
Summary
The International Merchandise Trade Statistics: Imports: Commodities for Estonia measures the value of goods imported into Estonia from other countries. This metric is a key indicator of Estonia's international trade activity and integration with the global economy.
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 tracks the total monetary value of imported commodities and merchandise into Estonia. It reflects the country's demand for foreign goods and services, providing insights into its trade balance, industrial production, and overall economic performance.
Methodology
The data is collected and reported by the Estonian government's statistical agency.
Historical Context
Policymakers and analysts use this import data to assess Estonia's trade dynamics and competitiveness within the European Union and global markets.
Key Facts
- Estonia is a member of the European Union and the Eurozone.
- Imports account for over 80% of Estonia's GDP.
- Top import categories include machinery, transport equipment, and mineral fuels.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total value of goods imported into Estonia from other countries. It tracks Estonia's demand for foreign commodities and merchandise.
Q: Why is this trend relevant for users or analysts?
A: This import data provides insights into Estonia's trade balance, industrial production, and overall economic performance, making it a key indicator for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported by the Estonian government's statistical agency.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this import data to assess Estonia's trade dynamics and competitiveness within the European Union and global markets.
Q: Are there update delays or limitations?
A: The data is published regularly by the Estonian government, but there may be occasional delays or revisions to the reported figures.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Estonia (XTIMVA01EEA657S), retrieved from FRED.