Value of Exports to Canada from Arizona
AZCANA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,628,227,175.00
Year-over-Year Change
35.13%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Canada from Arizona' measures the total value of goods and services exported from the state of Arizona to its northern neighbor, Canada. This metric is closely watched by economists and trade policy analysts to gauge Arizona's economic integration with the Canadian market.
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 represents the dollar value of merchandise and services exported from Arizona to Canada. It is a key indicator of cross-border trade and commercial activity between the two economies, which are closely linked through manufacturing supply chains, tourism, and other industries.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of Arizona exporters.
Historical Context
Policymakers and market analysts use this series to assess the health of Arizona's export sector and the state's trade relationship with Canada.
Key Facts
- Arizona exported over $6 billion in goods and services to Canada in 2021.
- Canada is Arizona's largest export market, accounting for over 20% of the state's total exports.
- Key Arizona exports to Canada include electronics, machinery, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Canada from Arizona' measures the total dollar value of merchandise and services exported from the state of Arizona to Canada.
Q: Why is this trend relevant for users or analysts?
A: This metric is closely watched by economists, trade analysts, and policymakers to gauge Arizona's economic integration with the Canadian market and the health of the state's export sector.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of Arizona exporters.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this series to assess the strength of Arizona's trade relationship with Canada and inform decisions on issues like tariffs, supply chain resilience, and cross-border investment.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag. There may also be revisions to historical values as additional information becomes available.
Related Trends
Pandemic Emergency Unemployment Compensation Continued Claims in Arizona
PEUCCCAZ
Gross Domestic Product: Forestry, Fishing, and Related Activities (113-115) in Arizona
AZFRSTFISHNGSP
Real Gross Domestic Product: Private Industries in Arizona
AZPIRQGSP
Coincident Economic Activity Index for Arizona
AZPHCI
State Government Tax Collections, General Sales and Gross Receipts Taxes in Arizona
AZSALESTAX
Chain-Type Quantity Index for Real GDP: Transportation and Warehousing (48-49) in Arizona
AZTRANSWAREQGSP
Citation
U.S. Federal Reserve, Value of Exports to Canada from Arizona (AZCANA052SCEN), retrieved from FRED.