Value of Exports to Belgium from Idaho
IDBELA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,684,786.00
Year-over-Year Change
208.79%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Belgium from Idaho' trend measures the total value of goods and services exported from the U.S. state of Idaho to the country of Belgium. This metric is important for economists and policymakers to understand regional trade dynamics and the relative importance of international markets for local 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
This series tracks the dollar value of all products and services exported from Idaho businesses and producers to customers and clients in Belgium. It provides insight into the trade relationship between the state and this key European market, which can inform economic development strategies and commercial policies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Historical Context
Policymakers use this metric to assess the importance of Belgium as an export destination for Idaho businesses and monitor changes in the state's trade profile.
Key Facts
- Idaho exported $193 million worth of goods to Belgium in 2021.
- Machinery and equipment account for over 40% of Idaho's exports to Belgium.
- Belgium is Idaho's 7th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of exports from the U.S. state of Idaho to the country of Belgium, providing insight into the trade relationship between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding regional trade dynamics and the relative importance of international markets for local economies, which can inform economic development strategies and commercial policies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Q: How is this trend used in economic policy?
A: Policymakers use this metric to assess the importance of Belgium as an export destination for Idaho businesses and monitor changes in the state's trade profile.
Q: Are there update delays or limitations?
A: The data is subject to the typical update schedule and potential limitations of Census Bureau trade statistics.
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Citation
U.S. Federal Reserve, Value of Exports to Belgium from Idaho (IDBELA052SCEN), retrieved from FRED.