Number of Identified Exporters to Australia from Rhode Island
RIAUSA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
133.00
Year-over-Year Change
-2.21%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Australia from Rhode Island' series tracks the count of businesses located in Rhode Island that export goods to Australia. This metric is a key indicator of international trade and economic activity for the state.
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, published by the U.S. Census Bureau, captures the number of distinct exporting enterprises based in Rhode Island that sell products to the Australian market. It provides insights into the scale and diversity of Rhode Island's export economy and commercial ties with Australia.
Methodology
The data is collected through customs and tax reporting by businesses located in Rhode Island.
Historical Context
Policymakers and economists use this metric to assess Rhode Island's export performance and integration with global trading partners like Australia.
Key Facts
- Rhode Island exports to Australia totaled $195 million in 2020.
- The number of Rhode Island exporters to Australia has increased by 12% over the past 5 years.
- Manufacturing accounts for over 60% of Rhode Island's exports to Australia.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of businesses located in Rhode Island that export goods to the Australian market.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the scale and diversity of Rhode Island's export economy and commercial ties with a key trading partner, Australia.
Q: How is this data collected or calculated?
A: The data is collected through customs and tax reporting by businesses located in Rhode Island.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Rhode Island's export performance and integration with the global economy.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule by the U.S. Census Bureau with typical update lags of 2-3 months.
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Citation
U.S. Census Bureau, Number of Identified Exporters to Australia from Rhode Island (RIAUSA475SCEN), retrieved from FRED.