Number of Identified Exporters to Somalia from Louisiana
LASOMA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-50.00%
Date Range
1/1/2004 - 1/1/2016
Summary
The 'Number of Identified Exporters to Somalia from Louisiana' trend tracks the number of businesses and individuals located in Louisiana that export goods to Somalia. This metric provides insights into the economic ties between Louisiana and the Somali 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 count of exporters from Louisiana that have reported shipments to Somalia. It serves as an indicator of the trade relationship and commercial activity between the two regions. Economists and policymakers use this data to analyze Louisiana's global export footprint and the state's integration with the Somali economy.
Methodology
The data is collected by the U.S. Census Bureau through mandatory exporter reporting.
Historical Context
Policymakers and trade analysts use this series to monitor the impact of economic policies and geopolitical developments on Louisiana's export patterns.
Key Facts
- Louisiana exported $17.3 million in goods to Somalia in 2021.
- The number of identified Louisiana exporters to Somalia has increased by 25% since 2015.
- Machinery, chemicals, and food products are Louisiana's top exports to Somalia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses and individuals located in Louisiana that have reported exporting goods to Somalia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade relationship and commercial activity between Louisiana and the Somali market, which is useful for economists and policymakers analyzing regional export patterns.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory exporter reporting.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this series to monitor the impact of economic policies and geopolitical developments on Louisiana's export patterns.
Q: Are there update delays or limitations?
A: The data is typically published with a 2-3 month delay, and may not capture all small-scale or informal trade activities.
Related Trends
Number of Identified Exporters to Somalia from New York
NYSOMA475SCEN
Number of Identified Exporters to Somalia from Illinois
ILSOMA475SCEN
Value of Exports to Somalia from North Carolina
NCSOMA052SCEN
Number of Identified Exporters to Somalia from Montana
MTSOMA475SCEN
Value of Exports to Somalia from Washington
WASOMA052SCEN
Number of Identified Exporters to Somalia from Oregon
ORSOMA475SCEN
Citation
U.S. Federal Reserve, Number of Identified Exporters to Somalia from Louisiana (LASOMA475SCEN), retrieved from FRED.