International Merchandise Trade Statistics: Imports: Commodities for Slovak Republic
XTIMVA01SKA657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.22
Year-over-Year Change
-64.96%
Date Range
1/1/1993 - 1/1/2024
Summary
This economic trend measures imports of commodities to the Slovak Republic, 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 Slovak Republic series tracks the value of imported goods and services into the Slovak Republic. This data is widely used by economists and policymakers to analyze the country's trade balance, competitiveness, and integration within the global economy.
Methodology
The data is collected by government statistical agencies and compiled according to international standards.
Historical Context
This trend is relevant for understanding Slovakia's trade relationships and the dynamics of its import-dependent industries.
Key Facts
- Slovakia is a member of the European Union and uses the Euro as its currency.
- Imports make up a significant portion of Slovakia's GDP, reflecting its highly trade-dependent economy.
- The top imported commodities include machinery, vehicles, and mineral fuels.
FAQs
Q: What does this economic trend measure?
A: This trend measures the value of imported goods and services into the Slovak Republic, providing insights into the country's international trade patterns.
Q: Why is this trend relevant for users or analysts?
A: This data is widely used by economists and policymakers to analyze Slovakia's trade balance, competitiveness, and integration within the global economy.
Q: How is this data collected or calculated?
A: The data is collected by government statistical agencies and compiled according to international standards.
Q: How is this trend used in economic policy?
A: This trend is relevant for understanding Slovakia's trade relationships and the dynamics of its import-dependent industries, which is important for policymakers and analysts.
Q: Are there update delays or limitations?
A: The data is subject to the reporting schedules and methodologies of the compiling agencies, which may result in some update delays or limitations.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for Slovak Republic (XTIMVA01SKA657S), retrieved from FRED.