Value of Exports to Canada from Alabama
ALCANA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,258,363,972.00
Year-over-Year Change
74.58%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Canada from Alabama' measures the dollar value of goods and services exported from the state of Alabama to its northern neighbor, Canada. This metric is important for analyzing cross-border trade and Alabama's economic integration with the Canadian market.
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 represents the monetary value of all products and services shipped from Alabama to Canada. It is a key indicator of the strength of the trade relationship between the two economies and can inform decisions around policies, investments, and business strategies.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of Alabama-based exporters.
Historical Context
Policymakers and economists use this metric to assess the impacts of trade agreements, tariffs, and other factors affecting the flow of goods between the U.S. and Canada.
Key Facts
- Alabama exported over $7 billion in goods to Canada in 2021.
- Canada is Alabama's top international market, accounting for 27% of the state's total exports.
- The top Alabama exports to Canada include aerospace products, chemicals, and machinery.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Canada from Alabama' tracks the dollar amount of goods and services shipped from the state of Alabama to its neighbor, Canada.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding the strength of Alabama's trade relationship with Canada, a major economic partner. It informs decision-making around policies, investments, and business strategies.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of Alabama-based exporters.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the impacts of trade agreements, tariffs, and other factors affecting the flow of goods between the U.S. and Canada.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the end of a reporting period and the release of the latest data by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Canada from Alabama (ALCANA052SCEN), retrieved from FRED.