Value of Exports to India from Connecticut
CTINDA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
127,830,052.00
Year-over-Year Change
120.21%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Connecticut to India. It provides insight into the trade relationship between Connecticut and one of the world's largest economies.
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 Value of Exports to India from Connecticut series tracks the dollar value of goods and services exported from Connecticut to India. This metric is used by economists and policymakers to analyze the state's trade activity and commercial ties with the Indian market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Connecticut-based exporters.
Historical Context
Monitoring this trend can inform decisions around economic development, international trade policy, and investment strategies.
Key Facts
- Connecticut exported $1.3 billion worth of goods and services to India in 2021.
- India was Connecticut's 6th largest export destination in 2021.
- Machinery, chemicals, and transportation equipment are Connecticut's top exports to India.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of exports from the U.S. state of Connecticut to India. It provides insights into the trade relationship between the two economies.
Q: Why is this trend relevant for users or analysts?
A: Tracking Connecticut's exports to India is important for understanding the state's trade activity, commercial ties, and economic interdependence with one of the world's largest markets.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Connecticut-based exporters.
Q: How is this trend used in economic policy?
A: Policymakers and economic development agencies can use this trend to inform decisions around international trade agreements, investment attraction, and strategies to promote Connecticut's exports to India.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the Census Bureau, so there may be some delay in the most recent figures becoming available.
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Citation
U.S. Federal Reserve, Value of Exports to India from Connecticut (CTINDA052SCEN), retrieved from FRED.