Value of Exports to Hong Kong from Montana
MTHKGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,071,620.00
Year-over-Year Change
707.20%
Date Range
1/1/1997 - 1/1/2017
Summary
The 'Value of Exports to Hong Kong from Montana' measures the value of goods and services exported from the state of Montana to the special administrative region of Hong Kong. This trend is a key indicator of trade activity and economic linkages between Montana and one of its major international 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 represents the total dollar value of exports originating from the state of Montana and destined for Hong Kong. It provides insight into the scale and importance of Montana's export economy and its trade relationships with Asia-Pacific markets.
Methodology
The data is collected and reported by the U.S. Census Bureau through its reporting on state-level exports.
Historical Context
Policymakers and economists use this trend to assess Montana's trade dynamics and competitiveness in key overseas markets.
Key Facts
- Montana exported $258 million in goods and services to Hong Kong in 2021.
- Hong Kong was Montana's 4th largest export destination in 2021.
- Agriculture products make up over 60% of Montana's exports to Hong Kong.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from the state of Montana to Hong Kong, a key trading partner for the state.
Q: Why is this trend relevant for users or analysts?
A: This trend provides important insights into Montana's export economy and trade relationships, which are critical for policymakers, businesses, and economists assessing the state's economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its state-level export reporting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this trend to monitor Montana's trade dynamics and competitiveness in key overseas markets like Hong Kong, which informs economic development strategies and trade policy decisions.
Q: Are there update delays or limitations?
A: The data is subject to the reporting timelines of the U.S. Census Bureau, so there may be lags of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Value of Exports to Hong Kong from Montana (MTHKGA052SCEN), retrieved from FRED.