Value of Exports to Jamaica from Alabama
ALJAMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92,859,150.00
Year-over-Year Change
412.20%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Jamaica from Alabama' measures the dollar value of goods and services shipped from Alabama to Jamaica. This economic indicator provides insights into trade patterns and commercial relationships between U.S. states and foreign markets.
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 tracks the total value of exports originating from Alabama and destined for Jamaica. It is used by economists, policymakers, and businesses to analyze trade flows, identify export opportunities, and assess the economic ties between the two regions.
Methodology
The data is collected and published by the U.S. Census Bureau through its state-level export statistics program.
Historical Context
Monitoring state-level export trends can inform economic development strategies and trade policy decisions.
Key Facts
- Alabama exported $251 million worth of goods to Jamaica in 2021.
- Jamaica was the 23rd largest export destination for Alabama in 2021.
- Top Alabama exports to Jamaica include machinery, vehicles, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Jamaica from Alabama' measures the total dollar value of goods and services shipped from the state of Alabama to the country of Jamaica.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into the trade relationship between Alabama and Jamaica, which can inform economic development strategies, identify export opportunities, and assess the strength of commercial ties between the two regions.
Q: How is this data collected or calculated?
A: The data is collected and published by the U.S. Census Bureau through its state-level export statistics program.
Q: How is this trend used in economic policy?
A: Monitoring state-level export trends can help policymakers and economic development agencies identify growth opportunities, understand trade dynamics, and make informed decisions about trade policy and international engagement.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Value of Exports to Jamaica from Alabama (ALJAMA052SCEN), retrieved from FRED.