MarketXLS

Real imports of goods and services 3.914T for 

Real imports of goods and services came in at 3.914T for Q2 2026, up 3.01% from 3.8T the prior quarter and 5.46% above its level of 3.711T one year ago. The series has averaged 1.141T since 1947, reaching a record high of 4.026T in January 2025 and a record low of 48.7B in July 1947.

Source: Federal Reserve Economic Data (FRED), St. Louis Fed

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Cite this data: "Real imports of goods and services," MarketXLS. Data from Federal Reserve Economic Data (FRED), St. Louis Fed. marketxls.com/indicators/us-imports

Historical Data

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⋮
April 1, 20263.914T
January 1, 20263.8T
October 1, 20253.697T
July 1, 20253.712T
April 1, 20253.711T
January 1, 20254.026T
October 1, 20243.737T
July 1, 20243.727T
April 1, 20243.627T
January 1, 20243.531T
October 1, 20233.505T
July 1, 20233.458T
April 1, 20233.419T
January 1, 20233.42T
October 1, 20223.456T
July 1, 20223.481T
April 1, 20223.525T
January 1, 20223.457T
October 1, 20213.382T
July 1, 20213.221T
⋮
⋮
July 1, 1986610B
April 1, 1986594B
January 1, 1986570B
October 1, 1985570B
July 1, 1985549B
April 1, 1985554B
January 1, 1985528B
October 1, 1984540B
July 1, 1984525B
April 1, 1984511B
January 1, 1984491B
October 1, 1983454B
July 1, 1983433B
April 1, 1983402B
January 1, 1983373B
October 1, 1982365B
July 1, 1982380B
April 1, 1982363B
January 1, 1982369B
October 1, 1981380B

About Real imports of goods and services

What it measures

Real Imports of Goods and Services (FRED series IMPGSC1) measures the inflation-adjusted value of foreign-produced goods and services purchased by US households, businesses, and government. The Bureau of Economic Analysis publishes it quarterly in chained dollars. In GDP accounting imports are subtracted, since they represent spending on output produced elsewhere.

Why it matters

Imports are a direct window on US domestic demand: when consumers and businesses spend freely, imports rise. The series also reveals inventory-building ahead of expected tariffs or supply disruptions, and it shapes the trade contribution to GDP. Sharp import swings around trade policy changes can distort headline GDP in both directions.

How to read it

Strong import growth generally signals healthy domestic demand even though it mechanically subtracts from GDP; treat the subtraction as accounting, not economic weakness. Falling imports frequently accompany recessions as spending retreats. Watch for temporary surges when firms front-run tariffs, which depress GDP in the surge quarter and flatter it afterward as the effect unwinds.

Get Real imports of goods and services in Excel

Pull Real imports of goods and services directly into your spreadsheet with a single MarketXLS formula - always current, no copy-pasting:

=RealImports()

View the Real Imports formula documentation or browse all 100+ Economic Data functions.

Frequently Asked Questions

What is the current Real imports of goods and services?

Real imports of goods and services is 3.914T as of April 2026.

What is the all-time high and low of Real imports of goods and services?

The highest value on record is 4.026T (January 2025) and the lowest is 48.7B (July 1947).

How often is Real imports of goods and services updated?

Real imports of goods and services is published on a quarterly basis, sourced from Federal Reserve Economic Data (FRED).

How do I get Real imports of goods and services in Excel?

Use the MarketXLS Excel formula =RealImports() to pull Real imports of goods and services directly into any cell, with historical values available for analysis.

Basic info
Imports are the goods and services that are purchased from the rest of the world by a country's residents.
RegionUnited States
FrequencyQuarterly
Last updatedSeptember 30, 2026
Seasonal adjustmentSeasonally Adjusted Annual Rate
UnitBillions of Chained 2017 Dollars

Stats
Last Value3.914T
Latest PeriodQ2 2026
Last UpdatedSeptember 30 2026, 07:53
Value Previous Quarter3.8T
Change From Previous Quarter3.01%
Value 1 Year Ago3.711T
Change From Year Ago5.46%
Average Growth Rate5.56%/yr
Record High (Jan 2025)4.026T
Record Low (Jul 1947)48.7B
Long-Term Average1.141T
FrequencyQuarterly
AdjustmentSeasonally Adjusted Annual Rate
UnitBillions of Chained 2017 Dollars

Annual Averages
20263.857T
20253.786T
20243.655T
20233.451T
20223.48T
20213.215T
20202.814T
20193.086T
20183.05T
20172.932T
20162.8T
20152.76T

Related Indicators
Real Gross Domestic Product
Real Personal Consumption Expenditures
Real Gross Private Domestic Investment
Real Government Spending
Real Net Exports of Goods and Services
Real Exports of Goods and Services
Federal Receipts
Federal Net Outlays
Federal Surplus or Deficit
US Federal Debt (Total Public Debt)
Real Private Nonresidential Fixed Investment
Real Private Residential Fixed Investment
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