Value of Exports to Australia from Pennsylvania
PAAUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
639,609,236.00
Year-over-Year Change
49.38%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Australia from Pennsylvania' metric tracks the total dollar value of merchandise exports from the U.S. state of Pennsylvania to Australia. This provides insight into the trade relationship between the two regions.
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 economic series measures the dollar value of physical goods and commodities exported from Pennsylvania to Australia. It is a key indicator of the commercial ties and trade flows between the state and this important trading partner.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of exporting businesses.
Historical Context
Policymakers and analysts use this metric to assess the health of Pennsylvania's export economy and its integration with global markets.
Key Facts
- Pennsylvania is a leading U.S. exporter to Australia.
- Exports to Australia account for over 5% of total Pennsylvania exports.
- The value of exports has grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of merchandise exports from the U.S. state of Pennsylvania to Australia.
Q: Why is this trend relevant for users or analysts?
A: It provides insight into the strength of the trade relationship between Pennsylvania and a major international partner, which is important for assessing the state's economic health and global market integration.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Pennsylvania's export economy and inform decisions around trade, economic development, and international partnerships.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month lag, so it may not reflect the most recent trade activity.
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Citation
U.S. Federal Reserve, Value of Exports to Australia from Pennsylvania (PAAUSA052SCEN), retrieved from FRED.