Value of Exports to Germany from Rhode Island
RIDEUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118,042,514.00
Year-over-Year Change
141.43%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Germany from Rhode Island' trend measures the dollar value of goods and services exported from the U.S. state of Rhode Island to Germany. This metric provides insight into the commercial trade relationship between Rhode Island and one of its key international markets.
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 economic indicator tracks the total value of exports originating from Rhode Island that are destined for Germany. It is used by policymakers, trade analysts, and businesses to understand the state's export activity and competitive position in the German market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
The trend is relevant for evaluating Rhode Island's export performance and informing trade policy decisions.
Key Facts
- Rhode Island exported $375 million in goods to Germany in 2021.
- Germany is Rhode Island's 5th largest export destination.
- Machinery and computer/electronic products account for over 50% of Rhode Island's exports to Germany.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Germany from Rhode Island' tracks the total dollar value of goods and services exported from the U.S. state of Rhode Island to the country of Germany.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial trade relationship between Rhode Island and one of its key international markets, which is important for evaluating the state's export performance and informing trade policy decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers, trade analysts, and businesses use this trend to understand Rhode Island's export activity and competitive position in the German market, which can inform decisions around trade policy and export promotion programs.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reporting period. Additionally, the Census Bureau's survey-based methodology may not capture all export activity.
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Citation
U.S. Federal Reserve, Value of Exports to Germany from Rhode Island (RIDEUA052SCEN), retrieved from FRED.