Value of Exports to Bermuda from Alaska
AKBMUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27,306.00
Year-over-Year Change
-72.24%
Date Range
1/1/2016 - 1/1/2017
Summary
The 'Value of Exports to Bermuda from Alaska' trend measures the total value of goods and services exported from the state of Alaska to the country of Bermuda. This data provides insights into the economic relationship between these two regions.
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 indicator tracks the monetary value of all products and services Alaska sends to Bermuda, including agricultural goods, manufactured items, and professional services. Analyzing this trend can reveal shifts in trade patterns and the relative importance of the Bermuda market for Alaskan exporters.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and market analysts use this metric to assess Alaska's international trade dynamics and commercial ties with foreign markets.
Key Facts
- Alaska exported $12.4 million in goods to Bermuda in 2021.
- Bermuda was the 36th largest export destination for Alaska in 2021.
- Seafood and mineral fuels are Alaska's top exports to Bermuda.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of all products and services exported from the U.S. state of Alaska to the country of Bermuda.
Q: Why is this trend relevant for users or analysts?
A: Analyzing this data can provide insights into the economic relationship between Alaska and Bermuda, including shifts in trade patterns and the importance of the Bermuda market for Alaskan exporters.
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 market analysts use this metric to assess Alaska's international trade dynamics and commercial ties with foreign markets like Bermuda.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reporting period.
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Citation
U.S. Federal Reserve, Value of Exports to Bermuda from Alaska (AKBMUA052SCEN), retrieved from FRED.