US imports of goods and services, 1947 to 2026
US imports of goods and services stood at $4,329 in 2026, up 4.7% on the previous period.
The latest reading is $4.33 trillion, for January 2026, against $4.14 trillion in October 2025. The series is quarterly (FRED series IMPGS) and runs from January 1947.
How it is measured
US imports of goods and services, from the BEA's national accounts, quarterly at a seasonally adjusted annual rate, in billions of dollars. Imports subtract from GDP arithmetic but supply consumers and manufacturers alike; the line is a demand gauge as much as a trade one. The data reaches us through FRED, the Federal Reserve Bank of St. Louis's data service, and originates with the Bureau of Economic Analysis.
What the curve shows
Imports run at $4.33 trillion annualized as of January 2026, from $7.52 billion at the window's start. Imports fall hard in recessions because they track domestic demand, which makes this line an underrated business-cycle indicator.
Do imports make GDP smaller?
Why do imports exceed exports for the US?
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