Value of Exports to Sweden from Puerto Rico
PRSWEA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
868,275.00
Year-over-Year Change
-87.32%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Sweden from Puerto Rico' trend measures the total value of goods and services exported from Puerto Rico to Sweden. This metric is important for economists and policymakers to analyze trade flows and commercial relationships between Puerto Rico and its 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 represents the nominal value of all merchandise exported from Puerto Rico to Sweden. It captures the dollar value of trade in physical goods like agricultural products, raw materials, and manufactured items between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Puerto Rican businesses and exporters.
Historical Context
Policymakers and trade analysts use this series to evaluate the economic relationship between Puerto Rico and Sweden.
Key Facts
- Puerto Rico exported $120 million worth of goods to Sweden in 2021.
- Sweden is Puerto Rico's 24th largest export market globally.
- Top Puerto Rican exports to Sweden include pharmaceuticals, medical equipment, and machinery.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of merchandise exports from Puerto Rico to Sweden. It captures the dollar amount of physical goods traded between the two economies.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for evaluating the commercial relationship and trade flows between Puerto Rico and Sweden. It provides insights into the scale and composition of Puerto Rico's exports to this key international market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Puerto Rican businesses and exporters.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this series to assess the strength of economic ties between Puerto Rico and Sweden, and to inform decisions around trade agreements, tariffs, and commercial partnerships.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay. There may also be limitations in capturing all informal or unrecorded trade activities between Puerto Rico and Sweden.
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Citation
U.S. Federal Reserve, Value of Exports to Sweden from Puerto Rico (PRSWEA052SCEN), retrieved from FRED.