Value of Exports to Philippines from Alabama
ALPHLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42,977,918.00
Year-over-Year Change
119.87%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Philippines from Alabama' series measures the total value of goods and services exported from the U.S. state of Alabama to the Philippines. This metric is important for economists and policymakers to assess trade flows and regional 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 economic indicator tracks the dollar value of all merchandise and services exported directly from Alabama to the Philippines. It provides insight into the commercial relationship and trade balance between the two regions.
Methodology
The data is compiled by the U.S. Census Bureau based on administrative records of international trade transactions.
Historical Context
This export value data informs analyses of U.S. trade policy and the economic interdependence between local and global markets.
Key Facts
- Alabama exported over $250 million in goods to the Philippines in 2021.
- The Philippines is Alabama's 10th-largest export destination globally.
- Key Alabama exports to the Philippines include aerospace parts, chemicals, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total monetary value of all merchandise and services exported directly from the U.S. state of Alabama to the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into trade flows and the commercial relationship between Alabama and the Philippines, informing analyses of regional economic activity and U.S. trade policy.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Census Bureau based on administrative records of international trade transactions.
Q: How is this trend used in economic policy?
A: This export value data is used by economists, trade analysts, and policymakers to assess the economic interdependence between local and global markets.
Q: Are there update delays or limitations?
A: There may be a several-month lag in the availability of the most recent data due to the time required for collection and publication.
Related Trends
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People 15 Years and Over with Account at a Formal Financial Institution for Philippines
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Use of Financial Services, Assets: Outstanding Loans at Other Depository Corporations for Philippines
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Value of Exports to Philippines from New Hampshire
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Outstanding International Private Debt Securities to GDP for Philippines
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Geographical Outreach: Number of Commercial Banks for Philippines
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Citation
U.S. Federal Reserve, Value of Exports to Philippines from Alabama (ALPHLA052SCEN), retrieved from FRED.