Value of Exports to Canada from Connecticut
CTCANA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,407,636,603.00
Year-over-Year Change
13.71%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Canada from Connecticut' measures the dollar value of goods and services exported from the state of Connecticut to its northern neighbor, Canada. This metric is closely watched by economists and policymakers as an indicator of trade flows and economic activity.
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 total value of exports originating from Connecticut businesses and shipped to Canadian consumers, businesses, and government entities. It provides insight into the commercial relationship between the state and its largest trading partner and can signal changes in regional manufacturing, logistics, and trade policies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Trends in Connecticut's exports to Canada are used by analysts to assess the state's economic health and competitiveness.
Key Facts
- Connecticut is the 4th largest exporter to Canada among U.S. states.
- Canada accounts for over 20% of Connecticut's total export value.
- The top Connecticut exports to Canada are industrial machinery, computer equipment, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total dollar value of goods and services exported from the state of Connecticut to Canada, its largest trade partner.
Q: Why is this trend relevant for users or analysts?
A: Trends in Connecticut's exports to Canada provide insights into the state's manufacturing capabilities, trade relationships, and overall economic performance.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies located in Connecticut.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to assess Connecticut's trade competitiveness, identify growth opportunities, and inform decisions around economic development and trade policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month lag, and may be subject to revisions based on updated company reporting.
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Citation
U.S. Federal Reserve, Value of Exports to Canada from Connecticut (CTCANA052SCEN), retrieved from FRED.