Number of Identified Exporters to Canada from Alabama
ALCANA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,099.00
Year-over-Year Change
14.12%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Canada from Alabama' series tracks the count of businesses located in Alabama that export goods to Canada. This metric provides insight into the trade relationship between Alabama and its northern neighbor.
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 number of distinct Alabama-based companies that have been identified as exporting products to Canada. It serves as an indicator of the commercial ties and export activity between the state of Alabama and the Canadian market.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
Policymakers and trade analysts use this metric to assess the health and trends of Alabama's export sector and its economic integration with Canada.
Key Facts
- Alabama exported over $3.2 billion worth of goods to Canada in 2021.
- The number of identified Alabama exporters to Canada has grown by 18% since 2015.
- Canada is Alabama's largest export destination, accounting for over 25% of the state's total exports.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of businesses located in Alabama that have been identified as exporting goods to Canada.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between Alabama and Canada, which is a key export market for the state.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records 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 and trends of Alabama's export sector and its economic integration with Canada.
Q: Are there update delays or limitations?
A: The data may have a lag of several months between the reference period and the time of publication.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Canada from Alabama (ALCANA475SCEN), retrieved from FRED.