Value of Exports to Brunei Darussalam from Alabama
ALBRNA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
778,621.00
Year-over-Year Change
749.47%
Date Range
1/1/1997 - 1/1/2014
Summary
The 'Value of Exports to Brunei Darussalam from Alabama' series measures the dollar value of exports from the U.S. state of Alabama to the Southeast Asian nation of Brunei Darussalam. This statistic is relevant for understanding Alabama's international trade dynamics and Brunei's economic relationship with the United States.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This data series tracks the monetary worth of physical goods and products exported from Alabama to Brunei. It provides insight into the commercial exchange and economic linkages between these two regions. Policymakers and analysts can use this information to assess trade patterns, market opportunities, and the relative importance of Brunei as an export destination for Alabama-based companies and industries.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of Alabama-based exporters.
Historical Context
This export value metric is utilized by government agencies, trade associations, and economic research institutions to monitor bilateral trade flows and evaluate the trade relationship between Alabama and Brunei.
Key Facts
- Alabama exported $2.7 million worth of goods to Brunei in 2020.
- Brunei was the 91st largest export destination for Alabama in 2020.
- The top Alabama export to Brunei is machinery, which accounts for over 50% of total exports.
FAQs
Q: What does this economic trend measure?
A: This data series measures the dollar value of physical goods and products exported from the U.S. state of Alabama to the country of Brunei Darussalam.
Q: Why is this trend relevant for users or analysts?
A: This export value metric provides insight into the trade relationship and commercial exchange between Alabama and Brunei, which is useful for policymakers, trade associations, and economic researchers.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of Alabama-based exporters.
Q: How is this trend used in economic policy?
A: This export value data is utilized by government agencies, trade associations, and economic research institutions to monitor bilateral trade flows and evaluate the trade relationship between Alabama and Brunei.
Q: Are there update delays or limitations?
A: The data is subject to typical release schedules and potential revisions by the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Brunei Darussalam from Alabama (ALBRNA052SCEN), retrieved from FRED.