International Merchandise Trade Statistics: Imports: Commodities for Portugal
XTIMVA01PTM664S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,499,300,000.00
Year-over-Year Change
5.89%
Date Range
1/1/1955 - 4/1/2025
Summary
This economic trend measures the value of imported goods and commodities to Portugal, providing insights into the country's trade dynamics and international 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 Merchandise Trade Statistics: Imports: Commodities for Portugal series tracks the total value of imported goods and products entering the Portuguese economy. This data is a key indicator of Portugal's trade balance, consumer demand, and industrial production.
Methodology
The data is collected by Portugal's National Statistical Institute through surveys of importing firms and customs records.
Historical Context
Policymakers and analysts use this trend to assess Portugal's trade position, inform macroeconomic policy, and monitor the country's integration into global supply chains.
Key Facts
- Portugal is a major importer of machinery, vehicles, and mineral fuels.
- Import values have risen steadily since the early 2000s.
- China and Germany are leading sources of imports to Portugal.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and commodities imported into Portugal, providing insights into the country's trade dynamics and economic integration.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding Portugal's trade balance, consumer demand, and industrial production, and can inform macroeconomic policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by Portugal's National Statistical Institute through surveys of importing firms and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to assess Portugal's trade position, inform macroeconomic policy, and monitor the country's integration into global supply chains.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a typical 2-3 month delay between the reference period and publication.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Portugal (XTIMVA01PTM664S), retrieved from FRED.