Number of Identified Exporters to Canada from Arizona
AZCANA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,985.00
Year-over-Year Change
33.04%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Canada from Arizona' metric tracks the count of businesses located in Arizona that export goods to Canada. This data provides insights into cross-border trade patterns and the international competitiveness of Arizona's economy.
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 number of unique exporters based in the state of Arizona that ship goods to Canada. It is an important indicator of Arizona's export capacity and engagement in international markets, particularly with its northern neighbor.
Methodology
The data is collected through surveys of U.S. businesses and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and economists use this metric to assess the health of Arizona's export sector and inform trade policy decisions.
Key Facts
- Arizona exported over $7 billion in goods to Canada in 2021.
- Canada is Arizona's largest export market, accounting for 35% of the state's total exports.
- The number of identified Arizona exporters to Canada has grown by 12% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of unique businesses located in Arizona that export goods to Canada. It provides insights into the export capacity and international engagement of Arizona's economy.
Q: Why is this trend relevant for users or analysts?
A: The number of identified exporters is an important indicator of Arizona's export sector health and competitiveness in international markets, particularly with its largest trade partner, Canada.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess the strength of Arizona's export economy and inform trade policy decisions that impact cross-border business activity.
Q: Are there update delays or limitations?
A: The data is published quarterly with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Canada from Arizona (AZCANA475SCEN), retrieved from FRED.