Value of Exports to Taiwan from South Carolina
SCTWNA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
252,228,063.00
Year-over-Year Change
55.66%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Value of Exports to Taiwan from South Carolina' measures the total value of goods and services exported from South Carolina to Taiwan. This metric is closely watched by economists and policymakers to understand trade flows and economic relationships between the U.S. and its trading partners.
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 series tracks the dollar value of all products and services that businesses located in South Carolina export to Taiwan. It provides insight into the strength of the economic relationship between the two regions and can be used to analyze trade imbalances, industry trends, and the impact of policy changes.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and trade analysts use this metric to assess the health of South Carolina's export economy and inform decisions around trade agreements and economic development strategies.
Key Facts
- South Carolina's exports to Taiwan totaled $1.2 billion in 2021.
- Taiwan is South Carolina's 7th largest export destination.
- Machinery and transportation equipment are top export categories.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from businesses located in South Carolina to Taiwan.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of the economic relationship between South Carolina and Taiwan, and can be used to analyze trade flows, industry trends, and the impact of policy changes.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to assess the health of South Carolina's export economy and inform decisions around trade agreements and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Value of Exports to Taiwan from South Carolina (SCTWNA052SCEN), retrieved from FRED.