Value of Exports to Denmark from Rhode Island
RIDNKA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,632,928.00
Year-over-Year Change
12.57%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Denmark from Rhode Island' measures the dollar value of goods and services exported from the U.S. state of Rhode Island to Denmark. This metric is important for understanding Rhode Island's international trade patterns and its economic relationship with Denmark.
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 monetary value of all products and services exported from Rhode Island to Denmark, a key trading partner. It provides insight into the scale and composition of Rhode Island's exports and can inform economic policy decisions related to international trade and regional development.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of businesses and other sources.
Historical Context
Policymakers and analysts use this metric to assess Rhode Island's export performance and competitiveness in the Danish market.
Key Facts
- Rhode Island exported $74.3 million worth of goods and services to Denmark in 2021.
- Denmark is Rhode Island's 25th largest export destination globally.
- Machinery and transportation equipment are major Rhode Island exports to Denmark.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the monetary value of all products and services exported from the U.S. state of Rhode Island to Denmark, a key trading partner.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and composition of Rhode Island's exports, which is important for understanding the state's international trade patterns and economic relationship with Denmark.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of businesses and other sources.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Rhode Island's export performance and competitiveness in the Danish market, which can inform decisions related to international trade and regional economic development.
Q: Are there update delays or limitations?
A: The data is published with a lag, and may not capture all cross-border transactions due to limitations in data collection.
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Citation
U.S. Federal Reserve, Value of Exports to Denmark from Rhode Island (RIDNKA052SCEN), retrieved from FRED.