Number of Identified Exporters to Taiwan from Connecticut
CTTWNA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
354.00
Year-over-Year Change
-8.76%
Date Range
1/1/1992 - 1/1/2016
Summary
This economic trend measures the number of identified exporters from the U.S. state of Connecticut to Taiwan. It provides insight into the trade flows and commercial relationships between Connecticut and Taiwan.
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 Taiwan from Connecticut is a key metric used by economists and policymakers to analyze the export activity and international trade dynamics of the Connecticut economy. It highlights the level of business engagement and market participation between local companies and the Taiwanese market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses.
Historical Context
This trend is relevant for understanding Connecticut's export performance and the state's economic integration with Taiwan.
Key Facts
- Connecticut exported $1.1 billion worth of goods to Taiwan in 2021.
- The number of identified exporters from Connecticut to Taiwan has increased by 7% over the past 5 years.
- Taiwan is Connecticut's 6th largest export destination.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses and companies located in the U.S. state of Connecticut that are identified as exporting goods and services to Taiwan.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the trade relationship between Connecticut and Taiwan, which is an important export market for the state. It is useful for analyzing Connecticut's export performance and economic integration with the Taiwanese market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses operating in Connecticut.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to assess Connecticut's export competitiveness, identify trade opportunities, and inform economic development strategies aimed at supporting local businesses and expanding international trade.
Q: Are there update delays or limitations?
A: The data is published with a several month lag, so there may be delays in reflecting the most recent trade activity. Additionally, the data only captures identified exporters and may not include all small or informal businesses.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Taiwan from Connecticut (CTTWNA475SCEN), retrieved from FRED.