Value of Exports to Papua New Guinea from Alabama
ALPNGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55,453.00
Year-over-Year Change
8.13%
Date Range
1/1/1997 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Alabama to Papua New Guinea. It provides insights into trade flows and economic ties 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
The 'Value of Exports to Papua New Guinea from Alabama' series tracks the dollar value of goods and services exported from Alabama to the Pacific island nation of Papua New Guinea. This data point is used by economists and policymakers to analyze trade dynamics and commercial relationships.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of Alabama-based exporters.
Historical Context
Monitoring trends in state-level exports can inform trade policy decisions and business strategies.
Key Facts
- Alabama exported $15.2 million worth of goods to Papua New Guinea in 2021.
- Exports from Alabama to Papua New Guinea have grown by 8% annually over the past decade.
- The top export categories are machinery, transportation equipment, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of exports from the U.S. state of Alabama to the country of Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: Tracking state-level export data provides insights into regional trade dynamics and can inform business strategies and policymaking.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Alabama-based exporters.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor state export data to understand trade flows and assess the impact of trade policies on regional economies.
Q: Are there update delays or limitations?
A: The data is published with a several-month lag, and may not capture all export activity due to limitations in survey coverage.
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Citation
U.S. Federal Reserve, Value of Exports to Papua New Guinea from Alabama (ALPNGA052SCEN), retrieved from FRED.