Imports

Definition

Imports. A component of final uses that measures goods and services that are produced by the foreign sector and are purchased as intermediate inputs or for final use in the United States.

The definition of imports in the U.S. international transactions accounts differs slightly from that in the NIPAs and I-O accounts, primarily in the treatment of trade in nonmonetary gold and of trade involving U.S. territories. Imports of goods by commodity are valued at U.S. domestic port values, including duties. Imports of services are valued at producers' values. The entries for transportation services and for trade include adjustments that convert the value of total imports of goods and services to foreign port value.