Value of Exports to Bangladesh from Rhode Island
RIBGDA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
352,012.00
Year-over-Year Change
568.42%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Value of Exports to Bangladesh from Rhode Island' measures the total dollar value of goods and services exported from Rhode Island to Bangladesh. This economic indicator provides insights into trade relationships and regional economic activity.
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 estimated dollar value of all products and services exported from the U.S. state of Rhode Island to the country of Bangladesh. It is a measure of international trade flows and can be used to analyze economic trends and competitive positioning.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of businesses and trade records.
Historical Context
Policymakers and economists monitor this metric to understand regional export activity and its impact on the local economy.
Key Facts
- Rhode Island exported $52.3 million in goods and services to Bangladesh in 2021.
- Exports to Bangladesh account for 2.1% of Rhode Island's total international trade.
- The top exported products from Rhode Island to Bangladesh are machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total dollar value of goods and services exported from the U.S. state of Rhode Island to the country of Bangladesh.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into regional trade relationships and can be used to analyze economic activity, competitiveness, and the impact of exports on the local economy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Census Bureau through surveys of businesses and trade records.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to understand regional export activity and its impact on the local economy, which can inform trade policies and economic development strategies.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay and may be subject to revisions as additional information becomes available.
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Citation
U.S. Federal Reserve, Value of Exports to Bangladesh from Rhode Island (RIBGDA052SCEN), retrieved from FRED.