International Merchandise Trade Statistics: Imports: Commodities for United States
XTIMVA01USQ657S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-18.42
Year-over-Year Change
-770.52%
Date Range
4/1/1955 - 4/1/2025
Summary
This economic trend measures the value of imported commodities in the United States. It provides insights into the country's international trade balance and the flow of goods across its borders.
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 United States trend tracks the dollar value of all merchandise imported into the U.S. This data is used by economists and policymakers to analyze the nation's trade position, assess the impact of tariffs and trade policies, and forecast economic growth.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs declarations and other administrative records.
Historical Context
This trend is closely monitored by the Federal Reserve, the U.S. Department of Commerce, and other government agencies to inform economic and trade policy decisions.
Key Facts
- The U.S. imported over $2.8 trillion in goods in 2022.
- China is the largest source of U.S. imports, accounting for over 18% of the total.
- Imports of consumer goods make up the largest share of total U.S. imports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of all merchandise imported into the United States, broken down by commodity type.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for understanding the U.S. trade balance, the flow of goods across its borders, and the competitiveness of domestic industries compared to foreign producers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau based on customs declarations and other administrative records.
Q: How is this trend used in economic policy?
A: This trend informs trade negotiations, tariff decisions, and other economic policies aimed at managing the U.S. trade position and supporting domestic industries.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately 6 weeks. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, International Merchandise Trade Statistics: Imports: Commodities for United States (XTIMVA01USQ657S), retrieved from FRED.