Value of Exports to Singapore from Idaho
IDSGPA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
429,628,583.00
Year-over-Year Change
954.12%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Singapore from Idaho' measures the total value of goods and services exported from the U.S. state of Idaho to the country of Singapore. This metric is important for understanding Idaho's trade relationships and economic connections with global 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 economic trend tracks the dollar value of all products and services that are produced in Idaho and then sold to customers or businesses located in Singapore. It provides insight into the trade balance and commercial activities between the two regions.
Methodology
The data is compiled by the U.S. Census Bureau through surveys of exporting businesses and customs records.
Historical Context
Policy makers and market analysts use this data to assess Idaho's export performance and competitiveness in the global economy.
Key Facts
- Idaho exported over $400 million worth of goods to Singapore in 2021.
- Singapore is Idaho's 5th largest export destination globally.
- Top Idaho exports to Singapore include computer equipment, machinery, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Singapore from Idaho' measures the total dollar value of all goods and services exported from the U.S. state of Idaho to the country of Singapore.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Idaho's trade relationships and economic connections with global markets, which is useful for policy makers, businesses, and market analysts.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Census Bureau through surveys of exporting businesses and customs records.
Q: How is this trend used in economic policy?
A: Policy makers and market analysts use this data to assess Idaho's export performance and competitiveness in the global economy.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay and may not capture all exports, especially for smaller businesses.
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Citation
U.S. Federal Reserve, Value of Exports to Singapore from Idaho (IDSGPA052SCEN), retrieved from FRED.