Value of Exports to Brazil from Kentucky
KYBRAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,434,642,499.00
Year-over-Year Change
447.23%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Brazil from Kentucky' measures the dollar value of goods and services exported from the U.S. state of Kentucky to Brazil. This economic indicator is important for understanding Kentucky's international trade relationships and dynamics.
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 total value of exports originating from Kentucky that are destined for Brazil. It provides insight into the scale and trends of Kentucky's economic engagement with the Brazilian market, which is a major trading partner for many U.S. states.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs declarations and other international trade statistics.
Historical Context
Policymakers and business analysts monitor this export data to assess Kentucky's export competitiveness and the state's trade position with key international markets.
Key Facts
- Kentucky exported over $500 million in goods and services to Brazil in 2021.
- Brazil is Kentucky's 5th largest export destination globally.
- Kentucky's top exports to Brazil include machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Brazil from Kentucky' measures the total dollar value of goods and services exported from the U.S. state of Kentucky to the country of Brazil.
Q: Why is this trend relevant for users or analysts?
A: This export data provides insight into the economic relationship between Kentucky and Brazil, a major trading partner. It is useful for assessing Kentucky's export competitiveness and trade dynamics in a key international market.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on customs declarations and other international trade statistics.
Q: How is this trend used in economic policy?
A: Policymakers and business analysts monitor this export data to understand Kentucky's trade position and inform decisions related to economic development, trade agreements, and export promotion programs.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the Census Bureau, so there may be a delay of several months between the reference period and the latest available figures.
Related Trends
Leading Indicators OECD: Component Series: Business Tendencies Survey: Order Books: Normalised for Brazil
BRALOCOBONOSTSAM
Use of Financial Services, Liabilities: Outstanding Deposits by Households at Other Financial Intermediaries for Brazil
BRAFCLOFMXDC
Infra-Annual Labor Statistics: Working-Age Population Total: From 15 to 24 Years for Brazil
LFWA24TTBRA647S
Interest Rates: Immediate Rates (< 24 Hours): Federal Funds Rate: Total for Brazil
IRSTFR01BRM156N
Use of Financial Services: Number of Loan Accounts for Households at Other Deposit Takers for Brazil
BRAFCNODDHNUM
M3 for Brazil
MYAGM3BRM189N
Citation
U.S. Federal Reserve, Value of Exports to Brazil from Kentucky (KYBRAA052SCEN), retrieved from FRED.