Number of Identified Exporters to Hong Kong from Idaho
IDHKGA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.00
Year-over-Year Change
-7.58%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Hong Kong from Idaho tracks the count of unique businesses located in Idaho that export goods to Hong Kong. This metric provides insights into the international trade activity and economic integration of Idaho-based companies.
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 measures the number of distinct exporters from the state of Idaho that sell goods to Hong Kong. It serves as an indicator of the scale and diversity of Idaho's exporting businesses and their engagement with the Hong Kong market.
Methodology
The data is collected by the U.S. Census Bureau through its Exporter Database.
Historical Context
Policymakers and economists use this metric to assess Idaho's export performance and competitiveness in the global economy.
Key Facts
- Idaho exported $237 million worth of goods to Hong Kong in 2021.
- The number of Idaho exporters to Hong Kong has grown by 12% over the past 5 years.
- Food products and agricultural commodities account for over 60% of Idaho's exports to Hong Kong.
FAQs
Q: What does this economic trend measure?
A: The Number of Identified Exporters to Hong Kong from Idaho measures the count of unique businesses located in Idaho that export goods to the Hong Kong market.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the scale and diversity of Idaho's exporting businesses and their engagement with the global economy, particularly the important Hong Kong market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through its Exporter Database.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Idaho's export performance and competitiveness in the global economy, which can inform trade, economic development, and business support policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 6-12 months after the reference period. Additionally, the dataset only captures identified exporters and may not reflect the full universe of Idaho businesses exporting to Hong Kong.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Hong Kong from Idaho (IDHKGA475SCEN), retrieved from FRED.