Number of Identified Exporters to Saudi Arabia from Alabama
ALSAUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
139.00
Year-over-Year Change
41.84%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Saudi Arabia from Alabama' is an economic indicator that tracks the total number of Alabama-based companies exporting goods and services to Saudi Arabia, providing insights into trade dynamics and export-driven business 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 trend represents the count of unique Alabama firms that have been identified as exporting to Saudi Arabia, a key trading partner. It offers visibility into the breadth and composition of Alabama's export sector, which is an important driver of economic growth and employment.
Methodology
The data is collected by the U.S. Census Bureau through surveys and administrative records of international trade transactions.
Historical Context
Policymakers and trade analysts use this indicator to monitor the health and competitiveness of Alabama's exporting businesses and to inform strategies for supporting export-oriented industries.
Key Facts
- Alabama exported $1.7 billion worth of goods to Saudi Arabia in 2021.
- The aerospace and automotive sectors account for a significant share of Alabama's exports to Saudi Arabia.
- The number of identified Alabama exporters to Saudi Arabia has grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of unique Alabama-based companies that have been identified as exporting goods or services to Saudi Arabia, a key international trading partner for the state.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the breadth and composition of Alabama's export sector, which is an important driver of economic growth and employment. It helps policymakers and trade analysts monitor the health and competitiveness of Alabama's exporting businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys and administrative records of international trade transactions.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this indicator to inform strategies for supporting export-oriented industries and to monitor the overall health and competitiveness of Alabama's exporting businesses.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates and may have a time lag of several months between the reference period and the availability of the latest figures.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Saudi Arabia from Alabama (ALSAUA475SCEN), retrieved from FRED.