Imports

Indicator History

History of Event Dates
Event Date Time For
Period		 Currency Actual Forecast
What is this indicator?

Imports refer to goods and services that are brought into a country from other countries. The US Census Bureau and the US Bureau of Economic Analysis are federal agencies responsible for collecting and publishing data related to imports.


Why is it important?

The US Census Bureau collects data on the quantity, value, and country of origin of goods imported into the United States. This data is compiled in the International Trade report, which provides detailed information on the volume and value of imports, as well as the specific products and countries involved in international trade. The US Bureau of Economic Analysis collects data on the value of goods and services imported into the United States, as well as the value of goods and services exported from the United States. This data is used to calculate the balance of trade, which is the difference between a country's exports and imports. The balance of trade is an important economic indicator, as it can provide insights into a country's competitiveness, trade relationships, and overall economic health. Understanding the level and nature of imports is important for several reasons. First, imports can have a significant impact on a country's economy, particularly in terms of trade balances and employment. Second, imports can affect consumer prices and the availability of goods and services, as well as the overall quality of life for citizens. Third, imports can impact national security, particularly in the case of critical goods such as military equipment or energy resources. By collecting and analyzing data on imports, the US Census Bureau and the US Bureau of Economic Analysis provide valuable insights into the economic, social, and political dynamics of the United States and its relationship with other countries.

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