Value of Exports to Thailand from South Dakota
SDTHAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,084,223.00
Year-over-Year Change
487.70%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Thailand from South Dakota' measures the dollar value of goods and services exported from South Dakota to Thailand. This metric is important for understanding South Dakota's international trade dynamics and economic ties with Thailand.
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 economic trend represents the total value of exports originating from South Dakota and destined for Thailand. It is a key indicator of the commercial and economic relationship between the state and the Southeast Asian nation, providing insights into trade flows and the competitiveness of South Dakota's exports.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and trade analysts use this metric to assess South Dakota's export performance and the state's role in the broader U.S.-Thailand trade relationship.
Key Facts
- South Dakota exported $XX.X million worth of goods and services to Thailand in the most recent year.
- Thailand is South Dakota's Xth largest export destination, accounting for X% of the state's total exports.
- The value of South Dakota's exports to Thailand has [increased/decreased] by X% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Thailand from South Dakota' measures the total dollar value of goods and services exported from the state of South Dakota to the country of Thailand.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into South Dakota's international trade relationships and the state's economic connections with Thailand. It is used by policymakers, trade analysts, and businesses to understand export dynamics and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to assess South Dakota's export performance and the state's role in the broader U.S.-Thailand trade relationship, informing decisions related to economic development, trade agreements, and export promotion initiatives.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this data due to the time required for collection and processing by the Census Bureau. Additionally, the granularity of state-level export data can be limited compared to national-level trade statistics.
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Citation
U.S. Federal Reserve, Value of Exports to Thailand from South Dakota (SDTHAA052SCEN), retrieved from FRED.