Value of Exports to Belgium from Rhode Island
RIBELA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,632,160.00
Year-over-Year Change
61.35%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Belgium from Rhode Island' series measures the dollar value of goods exported from Rhode Island to Belgium. This metric provides insight into the state's trade relationship with a key international market.
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 total value of physical goods and commodities shipped from Rhode Island to Belgium. It serves as an important indicator of the strength of the state's export economy and commercial ties with Europe.
Methodology
The data is collected and reported by the U.S. Census Bureau.
Historical Context
Analysts and policymakers use this metric to evaluate Rhode Island's export performance and competitiveness in the global marketplace.
Key Facts
- Rhode Island exported $206 million in goods to Belgium in 2021.
- Exports to Belgium account for 3.2% of Rhode Island's total international trade.
- The top exported products from Rhode Island to Belgium are machinery, chemicals, and plastics.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of physical goods and commodities exported from the state of Rhode Island to Belgium.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of Rhode Island's export economy and its trade relationship with a key international market, Belgium.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Analysts and policymakers use this metric to evaluate Rhode Island's export performance and competitiveness in the global marketplace.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Value of Exports to Belgium from Rhode Island (RIBELA052SCEN), retrieved from FRED.