Number of Identified Exporters to Singapore from Connecticut
CTSGPA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
487.00
Year-over-Year Change
15.95%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Singapore from Connecticut' measures the total number of businesses located in Connecticut that export goods to Singapore. This metric provides insights into the trade relationship between Connecticut and the Singaporean 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 count of unique exporting firms based in Connecticut that sell their products to Singapore. It serves as an indicator of the commercial ties and export activity between the state of Connecticut and the Southeast Asian city-state.
Methodology
The data is collected and compiled by the U.S. Census Bureau.
Historical Context
This trend is relevant for analyzing Connecticut's export performance and competitiveness in the global marketplace.
Key Facts
- Connecticut exported $1.1 billion in goods to Singapore in 2021.
- The number of identified Connecticut exporters to Singapore has grown by 15% over the past 5 years.
- Machinery, chemicals, and transportation equipment are Connecticut's top exports to Singapore.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of businesses located in the state of Connecticut that export goods to Singapore.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade relationship between Connecticut and the Singaporean market, which is important for understanding the state's export performance and global competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists can use this trend to analyze Connecticut's export activity and guide decisions related to trade promotion, market diversification, and economic development strategies.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and revisions of the U.S. Census Bureau, which may result in occasional update delays.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Singapore from Connecticut (CTSGPA475SCEN), retrieved from FRED.