Value of Exports to Belgium from Arkansas
ARBELA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
89,851,851.00
Year-over-Year Change
56.32%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Belgium from Arkansas' measures the total value of goods and services exported from Arkansas to Belgium over time. This metric is important for economists and policymakers to analyze trade relationships and economic activity between U.S. states and foreign countries.
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 trend represents the dollar value of all products and services exported from the state of Arkansas to the country of Belgium. It is a key indicator of the trade flows and commercial activity between these two economies.
Methodology
The data is collected and reported by the U.S. Census Bureau based on surveys of businesses and customs declarations.
Historical Context
Analysts and policymakers use this metric to understand Arkansas' export dynamics and assess the health of its trade relationship with Belgium.
Key Facts
- Arkansas exported over $200 million worth of goods to Belgium in 2021.
- Machinery and transportation equipment are major export categories from Arkansas to Belgium.
- Belgium is Arkansas' 9th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the U.S. state of Arkansas to the country of Belgium over time.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding trade dynamics and commercial activity between Arkansas and Belgium, which can inform economic policy and business decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau based on surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess the health of Arkansas' trade relationship with Belgium and inform decisions around economic development, trade agreements, and export promotion programs.
Q: Are there update delays or limitations?
A: There may be a several month delay in reporting the latest trade data, and the figures can be subject to revisions over time.
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Citation
U.S. Federal Reserve, Value of Exports to Belgium from Arkansas (ARBELA052SCEN), retrieved from FRED.