International Merchandise Trade Statistics: Imports: Commodities for Portugal
XTIMVA01PTA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.79
Year-over-Year Change
-113.65%
Date Range
1/1/1958 - 1/1/2024
Summary
This economic trend measures Portugal's imports of commodities, providing insights into the country's international trade patterns 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 Portugal trend represents the total value of goods imported into Portugal, categorized by different commodity types. This data is widely used by economists, policymakers, and analysts to assess Portugal's trade balance, industrial production, and overall economic performance.
Methodology
The data is collected and reported by government statistical agencies using standardized international trade classification systems.
Historical Context
This trend is crucial for understanding Portugal's position within global supply chains and the competitiveness of its domestic industries.
Key Facts
- Portugal is a member of the European Union and the Eurozone.
- Commodities account for a significant portion of Portugal's total imports.
- Import trends can indicate changes in domestic demand and manufacturing activity.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of commodities imported into Portugal, providing insights into the country's international trade patterns and economic activity.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding Portugal's position within global supply chains, the competitiveness of its domestic industries, and the overall performance of its economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by government statistical agencies using standardized international trade classification systems.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Portugal's trade balance, industrial production, and overall economic performance, which informs decision-making and policy formulation.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the statistical agencies responsible for collecting and publishing the information.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Portugal (XTIMVA01PTA657S), retrieved from FRED.