International Merchandise Trade Statistics: Trade Balance: Commodities for Denmark
Monthly, Not Seasonally Adjusted
XTNTVA01DKM664N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,867,700,000.00
Year-over-Year Change
-22.20%
Date Range
1/1/1955 - 3/1/2024
Summary
This economic trend measures the monthly value of net trade in vehicles and parts, which is an important indicator of international trade and manufacturing 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 'Monthly, Not Seasonally Adjusted' series for net trade in vehicles and parts provides a snapshot of the current state of U.S. trade without adjusting for seasonal variations. It is widely used by economists and policymakers to analyze trends in the automotive industry and broader trade dynamics.
Methodology
The data is collected and reported monthly by the U.S. Census Bureau.
Historical Context
Policymakers and analysts monitor this trend to gauge the health of the U.S. manufacturing and trade sectors.
Key Facts
- The U.S. reported a net trade deficit in vehicles and parts of $17.3 billion in January 2023.
- This trend has shown volatility in recent years due to supply chain disruptions and changing trade policies.
- The automotive industry is a major contributor to U.S. manufacturing output and employment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly net trade (exports minus imports) in vehicles and parts for the United States.
Q: Why is this trend relevant for users or analysts?
A: The net trade in vehicles and parts is an important indicator of the health of the U.S. manufacturing and trade sectors, which are closely watched by economists, policymakers, and industry analysts.
Q: How is this data collected or calculated?
A: The data is collected and reported monthly by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to gauge the competitiveness of the U.S. automotive industry and to inform trade and manufacturing policies.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical delay of several weeks. There may be revisions to historical data as more complete information becomes available.
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Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (XTNTVA01DKM664N), retrieved from FRED.