Value of Exports to Panama from Alabama
ALPANA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
45,323,932.00
Year-over-Year Change
561.01%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Panama from Alabama' series measures the total value of goods and commodities exported from the state of Alabama to the country of Panama. This metric is important for economists and policymakers to assess trade relationships and economic activity between the 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 data series tracks the dollar value of all products and materials shipped from Alabama to Panama, including agricultural goods, industrial equipment, consumer items, and other exports. It provides insight into the trade balance and commercial ties between the state and this key Central American market.
Methodology
The U.S. Census Bureau collects this data through surveys of Alabama-based exporters and customs declarations.
Historical Context
Policymakers and trade analysts use this series to evaluate the health of Alabama's export economy and guide decisions on economic development, tariffs, and international partnerships.
Key Facts
- Alabama is a major exporting state, shipping over $21 billion in goods annually.
- Panama is Alabama's 23rd largest export market, receiving $275 million in goods in 2021.
- Top Alabama exports to Panama include motor vehicles, aircraft parts, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of all goods and commodities exported from the state of Alabama to the country of Panama.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade relationship and commercial ties between Alabama and Panama, which is an important market for the state's exporters.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of Alabama-based exporters and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this series to evaluate the health of Alabama's export economy and guide decisions on economic development, tariffs, and international partnerships.
Q: Are there update delays or limitations?
A: This data is published monthly with a 1-2 month delay as the Census Bureau compiles the information.
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UTPANA475SCEN
Population, Total for Panama
POPTOTPAA647NWDB
Net migration for Panama
SMPOPNETMPAN
Geographical Outreach: Number of Branches, Excluding Headquarters, for Commercial Banks for Panama
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Citation
U.S. Federal Reserve, Value of Exports to Panama from Alabama (ALPANA052SCEN), retrieved from FRED.