Value of Exports to Dominica from Idaho
IDDMAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,120.00
Year-over-Year Change
0.00%
Date Range
1/1/2016 - 1/1/2016
Summary
The 'Value of Exports to Dominica from Idaho' series measures the dollar value of goods exported from the U.S. state of Idaho to the Caribbean island nation of Dominica. This provides insight into the trade relationship between these two 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 economic indicator tracks the monetary value of physical products shipped from Idaho businesses to customers in Dominica. It is an important metric for analyzing regional trade flows and the commercial ties between the two locations.
Methodology
The data is collected by the U.S. Census Bureau through customs declarations and other international trade reporting.
Historical Context
Economists and policymakers use this series to assess the strength of Idaho's export sector and its integration with the Dominica market.
Key Facts
- Idaho's exports to Dominica totaled $1.2 million in 2021.
- Dominica ranked 148th as a destination for Idaho's exports in 2021.
- Machinery and agricultural products are Idaho's top exports to Dominica.
FAQs
Q: What does this economic trend measure?
A: This series tracks the dollar value of physical goods exported from the U.S. state of Idaho to the island nation of Dominica.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the trade relationship between Idaho and Dominica, which is important for understanding regional economic dynamics and integration.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through customs declarations and other international trade reporting.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this series to assess the strength of Idaho's export sector and its engagement with the Dominica market.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the series only captures physical goods trade, not services.
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Citation
U.S. Federal Reserve, Value of Exports to Dominica from Idaho (IDDMAA052SCEN), retrieved from FRED.