Value of Exports to Ecuador from Puerto Rico
PRECUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,011,671.00
Year-over-Year Change
91.69%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Ecuador from Puerto Rico' measures the total value of goods and services exported from Puerto Rico to Ecuador. This economic indicator is relevant for understanding trade dynamics and regional economic relationships.
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 dollar value of all merchandise and services that originate in Puerto Rico and are sold to customers in Ecuador. It is an important metric for analyzing Puerto Rico's export activities and trade balance with a specific trading partner.
Methodology
The U.S. Census Bureau collects this data through surveys of businesses and other sources.
Historical Context
Policy makers and economists use this data to evaluate Puerto Rico's international trade performance and competitiveness.
Key Facts
- Puerto Rico exported $72.3 million worth of goods and services to Ecuador in 2020.
- Exports to Ecuador account for 0.7% of total Puerto Rico exports.
- Top Puerto Rico exports to Ecuador include pharmaceuticals, machinery, and food products.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of all merchandise and services exported from Puerto Rico to Ecuador over a given time period.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding Puerto Rico's trade relationships and economic interdependence with other countries, particularly key trading partners like Ecuador.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses and other sources.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to evaluate Puerto Rico's international trade performance, competitiveness, and the impact of trade policy on the Puerto Rican economy.
Q: Are there update delays or limitations?
A: There may be a several month delay in publishing the latest data, and the figures can be subject to revisions over time.
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Citation
U.S. Federal Reserve, Value of Exports to Ecuador from Puerto Rico (PRECUA052SCEN), retrieved from FRED.