Number of Identified Exporters to Canada from Connecticut
CTCANA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,929.00
Year-over-Year Change
3.71%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of exporters located in Connecticut that ship goods to Canada. It provides insight into the cross-border trade activity of Connecticut businesses.
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
The Number of Identified Exporters to Canada from Connecticut is a key indicator of the international trade and economic integration of the state. It tracks the count of Connecticut-based companies that export products to the Canadian market, which is a major trading partner for the U.S.
Methodology
The data is collected through surveys of U.S. exporters by the U.S. Census Bureau.
Historical Context
This trend is closely watched by policymakers and economists to assess the health of Connecticut's export economy and its relationship with Canada.
Key Facts
- Connecticut exported over $4.5 billion in goods to Canada in 2021.
- Canada is the top export destination for Connecticut, accounting for 23% of the state's total exports.
- The number of Connecticut exporters to Canada has increased by 7.2% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in the state of Connecticut that export goods to Canada, one of the state's largest trade partners.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between Connecticut and Canada, and can be used to assess the health and growth of the state's export economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. exporters conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this trend to understand the dynamics of Connecticut's export economy and its relationship with key trading partners like Canada.
Q: Are there update delays or limitations?
A: The data is published on a quarterly basis with a lag of several months, so there may be delays in capturing the most recent trade activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Canada from Connecticut (CTCANA475SCEN), retrieved from FRED.