Number of Identified Exporters to Brazil from Kentucky
KYBRAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
324.00
Year-over-Year Change
57.28%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Brazil from Kentucky' series tracks the count of Kentucky-based companies that export goods and services to Brazil. This metric provides insight into the trade relationship between Kentucky and Brazil, which is important for understanding regional economic trends.
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 Kentucky-based businesses that are identified as exporting to Brazil. It serves as an indicator of the level of trade activity and economic integration between the state of Kentucky and the Brazilian market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of U.S. exporters.
Historical Context
Policymakers and economists use this trend to analyze the dynamics of Kentucky's export economy and its evolving trade ties with Brazil.
Key Facts
- Kentucky exported $1.2 billion worth of goods to Brazil in 2021.
- The number of identified Kentucky exporters to Brazil has grown by 25% since 2015.
- Brazil is Kentucky's 6th largest export destination.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in Kentucky that are identified as exporting goods or services to Brazil.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into the trade relationship between Kentucky and Brazil, which is important for understanding regional economic dynamics and performance.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of U.S. exporters.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze the state of Kentucky's export economy and its evolving trade ties with Brazil.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the Census Bureau's exporter surveys may not capture all exporters, especially smaller businesses.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Brazil from Kentucky (KYBRAA475SCEN), retrieved from FRED.