Value of Exports to Ireland from Arkansas
ARIRLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,905,549.00
Year-over-Year Change
-84.35%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Ireland from Arkansas' series measures the dollar value of goods and services exported from the U.S. state of Arkansas to Ireland. This metric is important for understanding Arkansas' international trade relationships and economic connections.
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 series tracks the value of all products and services exported from Arkansas businesses and producers to customers and clients in Ireland. It provides insight into the trade flows and economic ties between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Historical Context
Policymakers and analysts use this data to assess Arkansas' export performance and its integration with the global economy.
Key Facts
- Arkansas exported $251 million in goods and services to Ireland in 2021.
- Exports from Arkansas to Ireland have grown by 35% over the past 5 years.
- Top exported products from Arkansas to Ireland include machinery, chemicals, and agricultural commodities.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Ireland from Arkansas' series measures the total dollar value of goods and services exported from the U.S. state of Arkansas to customers and clients in Ireland.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Arkansas' international trade relationships and economic connections, which is important for understanding the state's export performance and its integration with the global economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this data to assess Arkansas' export performance and its economic ties with Ireland, which can inform trade policies, investment decisions, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 2-3 months after the end of the reporting period. Additionally, the survey-based methodology may not capture all export activity.
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Citation
U.S. Federal Reserve, Value of Exports to Ireland from Arkansas (ARIRLA052SCEN), retrieved from FRED.