Value of Exports to Republic of Korea from Montana
MTKORA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
82,850,360.00
Year-over-Year Change
988.97%
Date Range
1/1/1992 - 1/1/2016
Summary
This series measures the value of exports from the U.S. state of Montana to the Republic of Korea. It is an important economic indicator for monitoring trade flows and competitiveness.
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
The Value of Exports to Republic of Korea from Montana series tracks the total monetary value of goods and services exported from Montana to South Korea on a monthly basis. This metric provides insight into the trade relationship between the state and one of its key international markets.
Methodology
The data is collected by the U.S. Census Bureau through surveys of export activities.
Historical Context
Policymakers and economists analyze this series to assess the health of Montana's export economy and its integration with global supply chains.
Key Facts
- Montana exported $234 million worth of goods to South Korea in 2021.
- Exports to South Korea account for 5% of Montana's total international trade.
- Top Montana exports to South Korea include agricultural products and machinery.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total monetary value of goods and services exported from the U.S. state of Montana to the Republic of Korea on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between Montana and one of its key international markets, which is valuable for policymakers and economists analyzing the state's export economy and global integration.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of export activities.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this series to assess the health of Montana's export economy and its integration with global supply chains.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month delay.
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Citation
U.S. Federal Reserve, Value of Exports to Republic of Korea from Montana (MTKORA052SCEN), retrieved from FRED.