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Imports

Description: 

The exporting of goods and services is a significant driver of the U.S. economy. However, since the value of imports https://www.arizonaindicators.org/files/content/has exceeded exports for many years, the nation has a trade deficit. in states, exports also are an important economic driver, but international exports and exports to other states have a comparable impact on the state’s economy. Similarly, imports https://www.arizonaindicators.org/files/content/from other states or countries have a comparable impact on a state’s economy, causing money to leave the state. However, if a state has an international port, the portion of international imports and exports that pass through a state result in economic activity in the state.

Imports by state are limited to commodities, divided between manufactured goods and other goods, such as agricultural and mining commodities. Imports of services are not included in the state totals.

The import data by state are available only back to 2008. Substate data are not available. Though monthly data are available, calendar year totals are featured on Arizona Indicators. The data are adjusted for inflation. In order to compare Arizona to the nation, the value of imports as a percentage of gross domestic product (GDP) is calculated.

Data Source: 

U.S. Department of Commerce, Census Bureau: http://www.census.gov/foreign-trade/statistics/state/. Total imports https://www.arizonaindicators.org/files/content/are obtained from “Importshttps://www.arizonaindicators.org/files/content/, state of destination.” Commodity and country data are from “Imports https://www.arizonaindicators.org/files/content/and exports.” These data are limited to the top 25 commodities and top 25 countries; complete data can be purchased from the Census Bureau. The commodities are categorized by the “Harmonized System,” not by the North American Industry Classification System.

The U. S. Department of Commerce’s Bureau of Economic Analysis produces gross domestic product by state http://www.bea.gov/regional/index.htm and the national GDP deflator http://www.bea.gov/national/index.htm. Click on the “Interactive Tables: GDP and the National Income and Product Account (NIPA) Historical Tables” link; the GDP deflator is in Table 1.1.9 (Section 1: Domestic Product and Income).

Data Quality Comments: 

The value of imports cannot always be assigned by state. If a shipment is destined for multiple states, all of the shipment is assigned to the state with the greatest value. If the destination is unknown, the value is assigned to the state of the ultimate consignee or the state where the entry is filed. Because of these limitations and certain limitations in the export data, a trade balance (exports less imports) by state should not be computed.

iconImports to Arizona in Millions of Inflation-Adjusted (2014) Dollars

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Visualization Notes:

The inflation-adjusted dollar value of imports to Arizona dropped significantly during the recession in 2009 but rebounded in 2010 and increased in 2011 and 2012. The real value slipped in 2013, but rose modestly in 2014. The annual percent changes have been similar to the national average. Manufactured goods dominate the imports of commodities.

iconImports as a Percentage of Gross Domestic Product

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Visualization Notes:

Imports https://www.arizonaindicators.org/files/content/of manufactured goods as a share of gdp were unchanged between 2011 and 2014 nationally and in arizona. the import of other commodities as a share of the state’s GDP has been nearly steady in Arizona since 2008, compared to a decrease nationally since 2011. While total imports as a share of GDP in Arizona is about half of the national average, one should not conclude that the state receives few imports. Instead, the Arizona figure likely is understated since shipments that are destined for multiple states are entirely assigned to the largest destination.

iconImports to Arizona from Major Sources in Millions of Inflation-Adjusted (2014) Dollars

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Visualization Notes:

More than one-third of the imports https://www.arizonaindicators.org/files/content/to arizona in 2014 came from mexico; more than half came from Mexico and China combined. In each of the last three years, the inflation-adjusted value of imports from Mexico rose. In contrast, the annual value from the other leading countries has fluctuated.

iconImports to Arizona of Major Commodities in Millions of Inflation-Adjusted (2014) Dollars

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Visualization Notes:

With commodity imports classified into a large number of categories, no single category accounts for a large share of the total. The values in some categories range widely from year to year. In 2014, the value of electronic processors and controllers was the largest of any category, accounting for 4.5 percent of the total. Most of the top 25 import categories are manufactured goods related to electronics and aircraft or fruits and vegetables.

Data Source

U.S. Department of Commerce, Census Bureau: http://www.census.gov/foreign-trade/statistics/state/. Total imports https://www.arizonaindicators.org/files/content/are obtained from “Importshttps://www.arizonaindicators.org/files/content/, state of destination.” Commodity and country data are from “Imports https://www.arizonaindicators.org/files/content/and exports.” These data are limited to the top 25 commodities and top 25 countries; complete data can be purchased from the Census Bureau. The commodities are categorized by the “Harmonized System,” not by the North American Industry Classification System.

The U. S. Department of Commerce’s Bureau of Economic Analysis produces gross domestic product by state http://www.bea.gov/regional/index.htm and the national GDP deflator http://www.bea.gov/national/index.htm. Click on the “Interactive Tables: GDP and the National Income and Product Account (NIPA) Historical Tables” link; the GDP deflator is in Table 1.1.9 (Section 1: Domestic Product and Income).