Value of Exports to Republic of Korea from Mississippi
MSKORA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
122,235,777.00
Year-over-Year Change
157.53%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Value of Exports to Republic of Korea from Mississippi' trend measures the dollar value of goods exported from the state of Mississippi to South Korea. This metric is important for analyzing international trade and the economic relationship between Mississippi and its key trading partners.
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 dollar value of exports from Mississippi to the Republic of Korea over time. It provides insight into the state's trade flows and economic integration with the South Korean market, which is a major destination for Mississippi's exports.
Methodology
The data is collected by the U.S. Census Bureau through its Exports from Manufacturing Establishments program.
Historical Context
Policymakers and economists use this trend to evaluate Mississippi's export performance and trade dynamics with an important international market.
Key Facts
- Mississippi exported $1.4 billion worth of goods to South Korea in 2021.
- Exports to South Korea account for 7% of Mississippi's total international trade.
- Top Mississippi exports to South Korea include chemicals, machinery, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of exports from the state of Mississippi to the Republic of Korea.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insight into Mississippi's international trade dynamics and economic relationship with a key trading partner, South Korea.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through its Exports from Manufacturing Establishments program.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to evaluate Mississippi's export performance and trade flows with the South Korean market.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 2-3 months after the end of the reference period.
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Citation
U.S. Federal Reserve, Value of Exports to Republic of Korea from Mississippi (MSKORA052SCEN), retrieved from FRED.