Number of Identified Exporters to Ireland from Pennsylvania
PAIRLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
467.00
Year-over-Year Change
-4.89%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Ireland from Pennsylvania measures the count of unique Pennsylvania companies that export goods to Ireland. This metric provides insights 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 data series tracks the number of Pennsylvania-based businesses that export products or services to Ireland. It reflects the level of economic integration and trade flows between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and trade analysts use this information to evaluate Pennsylvania's export performance and competitiveness in the Irish market.
Key Facts
- Pennsylvania exported over $1 billion in goods to Ireland in 2021.
- The number of identified Pennsylvania exporters to Ireland has grown by 20% since 2015.
- Ireland is Pennsylvania's 8th largest export destination.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of unique Pennsylvania-based companies that export goods or services to Ireland. It provides a gauge of the trade relationship between the two economies.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into Pennsylvania's export performance and competitiveness in the Irish market, which is valuable for policymakers, trade analysts, and businesses seeking to expand their international operations.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of exporting companies located in Pennsylvania.
Q: How is this trend used in economic policy?
A: Governments and trade organizations use this information to evaluate trade flows, identify export opportunities, and develop policies to support Pennsylvania businesses expanding into the Irish market.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most recent trade activity. The count also only includes identified exporters, so it may not capture all small or informal trade relationships.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Ireland from Pennsylvania (PAIRLA475SCEN), retrieved from FRED.