Value of Exports to Portugal from Alabama
ALPRTA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,822,702.00
Year-over-Year Change
-26.79%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Portugal from Alabama' series measures the dollar value of goods and services exported from the state of Alabama to Portugal over time. This indicator provides insight into 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 economic series tracks the total value of exports originating from Alabama and destined for Portugal. It is an important measure of the trade and commercial ties between the state and the European country, and can inform decisions around economic policy, investment, and strategic partnerships.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and market analysts use this series to assess Alabama's export performance and trade dynamics with Portugal.
Key Facts
- Alabama exported over $100 million worth of goods to Portugal in 2021.
- Exports to Portugal account for approximately 2% of Alabama's total international trade.
- The top export categories from Alabama to Portugal include aerospace equipment, chemicals, and machinery.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of goods and services exported from the state of Alabama to Portugal over time.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into Alabama's international trade relationships and economic activity, which is important for policymakers, businesses, 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: Policymakers and analysts use this series to assess Alabama's export performance and trade dynamics with Portugal, which can inform decisions around economic policy, investment, and strategic partnerships.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential revisions of the U.S. Census Bureau's international trade statistics.
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Citation
U.S. Federal Reserve, Value of Exports to Portugal from Alabama (ALPRTA052SCEN), retrieved from FRED.