Value of Exports to Dominican Republic from Hawaii
HIDOMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
59,829.00
Year-over-Year Change
-24.06%
Date Range
1/1/2005 - 1/1/2015
Summary
The 'Value of Exports to Dominican Republic from Hawaii' series measures the dollar value of goods and services exported from the state of Hawaii to the Dominican Republic. This data is important for economists and policymakers to track trade flows and economic relationships between U.S. states and foreign countries.
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 economic indicator provides insight into the commercial activity and trade dynamics between Hawaii and the Dominican Republic. Analyzing this data can reveal trends in the types of products and services being exchanged, as well as the relative importance of this trade relationship for Hawaii's economy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and compiled into this series.
Historical Context
Policymakers and trade analysts use this metric to assess the commercial ties between U.S. states and foreign markets.
Key Facts
- Hawaii exported $37.3 million worth of goods and services to the Dominican Republic in 2021.
- Exports from Hawaii to the Dominican Republic have grown by 8.2% annually over the past decade.
- The top export categories from Hawaii to the Dominican Republic are transportation equipment, machinery, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of goods and services exported from the state of Hawaii to the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: Tracking state-level export data is important for understanding regional trade dynamics and the economic relationships between U.S. states and foreign markets.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and compiled into this series.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to assess the commercial ties between U.S. states and foreign markets, which can inform decisions around trade agreements, export promotion programs, and other economic policies.
Q: Are there update delays or limitations?
A: This data is published monthly with a 2-3 month lag, so there may be delays in accessing the most recent information.
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Citation
U.S. Federal Reserve, Value of Exports to Dominican Republic from Hawaii (HIDOMA052SCEN), retrieved from FRED.