Value of Exports to Germany from Pennsylvania
PADEUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,384,288,296.00
Year-over-Year Change
66.66%
Date Range
1/1/1992 - 1/1/2017
Summary
The Value of Exports to Germany from Pennsylvania measures the total dollar value of goods and services exported from Pennsylvania to Germany. This metric is important for understanding Pennsylvania's trade relationships and economic ties with its key international 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 value of export transactions from Pennsylvania to Germany, a major trading partner. It provides insight into the scale and composition of Pennsylvania's exports, which can inform economic policy, investment decisions, and trade negotiations.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and businesses use this metric to assess Pennsylvania's export performance and competitiveness in the global economy.
Key Facts
- Pennsylvania exported over $4 billion in goods and services to Germany in 2021.
- Germany is Pennsylvania's 4th largest export destination globally.
- Top Pennsylvania exports to Germany include machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: The Value of Exports to Germany from Pennsylvania measures the total dollar value of goods and services exported from the state of Pennsylvania to the country of Germany.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Pennsylvania's trade relationship and economic ties with a key international partner, Germany. It is relevant for policymakers, businesses, and economists analyzing the state's export performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Pennsylvania's export-related economic activity, which can inform trade policy, investment decisions, and strategies to support the state's businesses and industries.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the metric only captures formal export transactions, not informal cross-border trade.
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Citation
U.S. Federal Reserve, Value of Exports to Germany from Pennsylvania (PADEUA052SCEN), retrieved from FRED.