Value of Exports to Ireland from Kentucky
KYIRLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
96,774,199.00
Year-over-Year Change
-39.06%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Ireland from Kentucky' trend measures the total dollar value of goods and services exported from Kentucky to Ireland. This metric is important for understanding regional trade patterns and economic integration.
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 series tracks the value of exports originating from the state of Kentucky that are destined for Ireland. It provides insight into the commercial relationship and trade flows between these geographies, which is relevant for businesses, policymakers, and economists analyzing regional economic performance.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Historical Context
This export value trend is used to monitor changes in trade activity and inform economic policy decisions.
Key Facts
- Kentucky exported $258 million worth of goods and services to Ireland in 2021.
- Exports to Ireland account for 1.2% of Kentucky's total international trade.
- The top Kentucky exports to Ireland are machinery, transportation equipment, and chemicals.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Ireland from Kentucky' metric tracks the total dollar value of goods and services exported from the state of Kentucky to the country of Ireland.
Q: Why is this trend relevant for users or analysts?
A: This export value trend provides insights into the trade relationship and economic integration between Kentucky and Ireland, which is useful for businesses, policymakers, and economists analyzing regional economic performance and trade patterns.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Q: How is this trend used in economic policy?
A: The export value trend is used to monitor changes in trade activity and inform economic policy decisions related to regional economic development and international trade.
Q: Are there update delays or limitations?
A: The data is typically published with a 2-3 month delay, and may not capture all export activity, especially for smaller or irregular shipments.
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Citation
U.S. Federal Reserve, Value of Exports to Ireland from Kentucky (KYIRLA052SCEN), retrieved from FRED.