Value of Exports to Andorra from Pennsylvania
PAANDA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
698,232.00
Year-over-Year Change
-78.44%
Date Range
1/1/2004 - 1/1/2017
Summary
The 'Value of Exports to Andorra from Pennsylvania' economic trend tracks the total dollar value of goods and services exported from Pennsylvania to the European country of Andorra. This metric is important for understanding Pennsylvania's international trade dynamics and economic relationships.
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 monetary value of all products and services shipped from Pennsylvania to Andorra. It is a key indicator of Pennsylvania's export activity and trade balance with this particular foreign market. Economists and policymakers analyze these statistics to assess the state's global competitiveness and identify opportunities for export growth.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Trends in Pennsylvania's exports to Andorra are relevant for informing state and national trade policies, as well as investment decisions by firms operating in international markets.
Key Facts
- Pennsylvania exported $2.3 million in goods to Andorra in 2021.
- Exports to Andorra account for less than 0.1% of Pennsylvania's total international trade.
- The top Pennsylvania exports to Andorra are machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Andorra from Pennsylvania' metric tracks the total monetary value of goods and services shipped from the state of Pennsylvania to the European country of Andorra.
Q: Why is this trend relevant for users or analysts?
A: This statistic is important for understanding Pennsylvania's international trade relationships and economic competitiveness in global markets. It informs state and national policymaking as well as business investment decisions.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Trends in Pennsylvania's exports to Andorra are relevant for informing trade policies and negotiations at the state and federal level, as well as for firms operating in international markets.
Q: Are there update delays or limitations?
A: There may be a several month delay in the reporting of this data by the Census Bureau. The statistics also do not capture certain types of trade in services.
Related Trends
Value of Exports to Andorra from Ohio
OHANDA052SCEN
Value of Exports to Andorra from Connecticut
CTANDA052SCEN
Fertility Rate, Total for Andorra
SPDYNTFRTINAND
Value of Exports to Andorra from Florida
FLANDA052SCEN
Number of Identified Exporters to Andorra from New York
NYANDA475SCEN
Number of Identified Exporters to Andorra from Rhode Island
RIANDA475SCEN
Citation
U.S. Federal Reserve, Value of Exports to Andorra from Pennsylvania (PAANDA052SCEN), retrieved from FRED.