Value of Exports to Canada from Idaho
IDCANA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
684,671,000.00
Year-over-Year Change
70.70%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Canada from Idaho' trend measures the dollar value of goods and services exported from the U.S. state of Idaho to Canada. This metric is important for understanding trade flows and economic relationships between regional markets.
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 value of merchandise and services exported from Idaho to Canada. It is a key indicator of the strength of cross-border economic activity and trade integration between the two North American economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and market analysts use this trend to assess the health of regional trade and commercial ties.
Key Facts
- Idaho exports to Canada totaled over $1.5 billion in 2021.
- Canada is the top destination for goods exported from Idaho.
- Manufacturing and agriculture are major drivers of Idaho's exports to Canada.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Canada from Idaho' tracks the total dollar value of merchandise and services exported from the U.S. state of Idaho to its northern neighbor, Canada.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the strength of trade and economic ties between Idaho and Canada, which are key trading partners. It helps analysts and policymakers understand regional trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess the health of regional trade and commercial ties between Idaho and Canada, which is important for understanding broader economic conditions.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month lag between the reference period and publication.
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Citation
U.S. Federal Reserve, Value of Exports to Canada from Idaho (IDCANA052SCEN), retrieved from FRED.