Value of Exports to India from Pennsylvania
PAINDA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
686,666,043.00
Year-over-Year Change
225.77%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to India from Pennsylvania' series measures the total dollar value of goods and services exported from the state of Pennsylvania to India. This metric is a key indicator of trade and economic activity 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 series tracks the value of merchandise and services exported from Pennsylvania to India, providing insight into the commercial relationship and trade flows between the state and the global economic powerhouse. Economists and policymakers use this data to analyze trade patterns, identify growth opportunities, and assess the impact of economic policies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and other sources.
Historical Context
This economic trend is closely watched by trade analysts, businesses, and government agencies to gauge the health of Pennsylvania's export economy and its engagement with the Indian market.
Key Facts
- Pennsylvania exported over $1.2 billion worth of goods and services to India in 2021.
- Machinery and chemicals are the top export categories from Pennsylvania to India.
- India is Pennsylvania's fourth-largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to India from Pennsylvania' series measures the total dollar value of goods and services exported from the state of Pennsylvania to India.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial relationship and trade flows between Pennsylvania and the Indian market, which is a key economic indicator for businesses, policymakers, and trade analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and other sources.
Q: How is this trend used in economic policy?
A: This economic trend is closely watched by trade analysts, businesses, and government agencies to gauge the health of Pennsylvania's export economy and its engagement with the Indian market, informing economic policies and strategies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but may be subject to revision and may not fully capture all trade activities due to the complexities of cross-border transactions.
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Citation
U.S. Federal Reserve, Value of Exports to India from Pennsylvania (PAINDA052SCEN), retrieved from FRED.