Value of Exports to Luxembourg from Pennsylvania
PALUXA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
24,172,842.00
Year-over-Year Change
-3.30%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Luxembourg from Pennsylvania' series measures the total dollar value of goods and services exported from Pennsylvania to Luxembourg. This metric is crucial for understanding Pennsylvania's international trade relationships and economic integration.
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 dollar value of exports originating from Pennsylvania to the European country of Luxembourg. It provides insights into the scale and composition of Pennsylvania's export economy, which is an important driver of overall state economic growth and employment.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Policymakers and analysts use this series to assess the health of Pennsylvania's export sector and its competitiveness in global markets.
Key Facts
- Pennsylvania exported over $250 million in goods and services to Luxembourg in 2021.
- Exports to Luxembourg account for less than 1% of total Pennsylvania exports.
- Machinery, chemicals, and transportation equipment are Pennsylvania's top exports to Luxembourg.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of goods and services exported from the U.S. state of Pennsylvania to the country of Luxembourg.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Pennsylvania's export economy and international trade relationships, which are important drivers of overall state economic growth and employment.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this series to assess the health of Pennsylvania's export sector and its competitiveness in global markets.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Value of Exports to Luxembourg from Pennsylvania (PALUXA052SCEN), retrieved from FRED.