Number of Identified Exporters to Italy from Louisiana
LAITAA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
144.00
Year-over-Year Change
-14.29%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Italy from Louisiana' metric tracks the count of businesses based in Louisiana that export goods to Italy. This indicator provides insights into the trade dynamics between Louisiana and the Italian market.
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 unique exporters located in Louisiana that have shipped goods to Italy. It serves as a barometer for the engagement of Louisiana-based companies in the Italian export market, which is relevant for understanding regional trade patterns and economic performance.
Methodology
The data is collected and reported by the U.S. Census Bureau through its exporter locator program.
Historical Context
Policymakers and trade analysts use this metric to evaluate the export competitiveness of Louisiana businesses and the state's overall trade relationship with Italy.
Key Facts
- Louisiana exported $1.4 billion worth of goods to Italy in 2021.
- The number of identified Louisiana exporters to Italy has increased by 7% over the past 5 years.
- Chemicals and agricultural products make up the majority of Louisiana's exports to Italy.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of businesses located in Louisiana that have exported goods to Italy. It provides insight into the engagement of Louisiana companies in the Italian export market.
Q: Why is this trend relevant for users or analysts?
A: This data is useful for evaluating the export competitiveness of Louisiana businesses and understanding the state's overall trade relationship with Italy, which is an important economic partner.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects and reports this data through its exporter locator program.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to assess the export performance of Louisiana companies and inform decisions related to economic development, trade agreements, and support for local businesses.
Q: Are there update delays or limitations?
A: The data is published on a regular basis by the U.S. Census Bureau, but there may be a lag of several months between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Italy from Louisiana (LAITAA475SCEN), retrieved from FRED.