Value of Exports to Somalia from Florida
FLSOMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
502,618.00
Year-over-Year Change
-14.13%
Date Range
1/1/2003 - 1/1/2016
Summary
The 'Value of Exports to Somalia from Florida' trend measures the total value of goods and services exported from the state of Florida to Somalia. This metric is important for economists and policymakers to understand regional trade dynamics and the economic relationship between the two regions.
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 represents the total dollar value of all merchandise and services exported from the state of Florida to the East African country of Somalia. It is a key indicator of the trade and economic ties between the two regions and can provide insights into the shifting patterns of Florida's international commerce.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of businesses and trade records.
Historical Context
Trends in this series are closely monitored by economic analysts, international trade specialists, and policymakers to assess the health of commercial relationships and identify potential areas for export growth or policy intervention.
Key Facts
- Florida is a major U.S. exporting state, ranking 4th nationally.
- Somalia is a small but strategically important trade partner for the U.S.
- Exports to Somalia account for less than 0.1% of total Florida exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the state of Florida to the country of Somalia.
Q: Why is this trend relevant for users or analysts?
A: Trends in Florida's exports to Somalia provide insights into the strength of the economic relationship between the two regions and can inform policy decisions and commercial strategies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and trade records.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts monitor this series to assess the health of commercial ties between Florida and Somalia and identify opportunities to grow exports or address potential barriers.
Q: Are there update delays or limitations?
A: This data is published with a delay of several months, and may not capture all trade activity due to reporting lags or undocumented transactions.
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Citation
U.S. Federal Reserve, Value of Exports to Somalia from Florida (FLSOMA052SCEN), retrieved from FRED.