Number of Identified Exporters to Hong Kong from Arizona
AZHKGA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
455.00
Year-over-Year Change
19.74%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Hong Kong from Arizona measures the count of Arizona-based businesses that export goods to Hong Kong. This trend provides insight into Arizona's trade relationship with a major global 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 tracks the number of distinct companies located in Arizona that export products to Hong Kong. It serves as an indicator of the commercial and economic ties between Arizona and the Hong Kong market.
Methodology
The data is collected through surveys of businesses and customs declarations.
Historical Context
This metric is used by economists and policymakers to analyze Arizona's export activity and trade dynamics.
Key Facts
- Arizona exported over $1 billion in goods to Hong Kong in 2021.
- The number of Arizona exporters to Hong Kong has increased by 15% since 2015.
- Hong Kong is Arizona's 4th largest export destination.
FAQs
Q: What does this economic trend measure?
A: The Number of Identified Exporters to Hong Kong from Arizona measures the count of distinct businesses located in Arizona that export products to the Hong Kong market.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between Arizona and a major global market, which is valuable for economists, policymakers, and businesses analyzing Arizona's export activity and commercial ties.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to analyze Arizona's export dynamics and trade patterns, which can inform decisions around economic development, trade agreements, and export promotion programs.
Q: Are there update delays or limitations?
A: The data may be subject to occasional delays in reporting, and the survey methodology could miss some smaller or irregular exporters.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Hong Kong from Arizona (AZHKGA475SCEN), retrieved from FRED.