Value of Exports to United Kingdom from Alabama
ALGBRA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
248,589,672.00
Year-over-Year Change
-44.90%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to United Kingdom from Alabama' trend measures the total value of goods and services exported from the state of Alabama to the United Kingdom. This metric is an important indicator of Alabama's international trade relationships and economic activity.
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 total dollar value of all exported products and services originating from Alabama and destined for the United Kingdom. It provides insight into the trade flow and commercial ties between the state and one of its key global trading partners.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
This export value trend is closely monitored by policymakers, economists, and market analysts to assess Alabama's export performance and competitiveness in the global economy.
Key Facts
- Alabama is the 23rd largest exporting state in the U.S.
- The UK is Alabama's 5th largest export destination.
- Aerospace, machinery, and motor vehicle parts are major Alabama exports to the UK.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the state of Alabama to the United Kingdom.
Q: Why is this trend relevant for users or analysts?
A: This export value metric provides insight into Alabama's international trade relationships and economic activity, which is closely monitored by policymakers, economists, and market analysts.
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: This export value trend is used by policymakers, economists, and market analysts to assess Alabama's export performance and competitiveness in the global economy.
Q: Are there update delays or limitations?
A: The data is subject to the normal release schedule and potential revisions by the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to United Kingdom from Alabama (ALGBRA052SCEN), retrieved from FRED.