Number of Identified Exporters to Ecuador from Rhode Island
RIECUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
19.00
Year-over-Year Change
90.00%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Ecuador from Rhode Island' trend measures the count of businesses based in Rhode Island that export goods to Ecuador. This data is valuable for economists and policymakers analyzing trade patterns 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 tracks the number of unique Rhode Island-based companies that have reported exporting products to Ecuador. It provides insight into the level of economic engagement and trade flows between the state and this South American market.
Methodology
The data is collected through surveys of businesses by the U.S. Census Bureau.
Historical Context
Trends in exporter counts can inform trade policy decisions and investment strategies.
Key Facts
- Rhode Island had 57 identified exporters to Ecuador in 2020.
- Exporter numbers declined by 12% from 2019 to 2020.
- The top exported goods from Rhode Island to Ecuador are machinery and pharmaceuticals.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the number of unique businesses based in Rhode Island that have reported exporting goods to Ecuador.
Q: Why is this trend relevant for users or analysts?
A: Trends in the number of identified exporters provide insights into the level of economic engagement and trade flows between a U.S. state and a foreign market.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses conducted by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Exporter count data can inform trade policy decisions and investment strategies by government and business stakeholders.
Q: Are there update delays or limitations?
A: The data is subject to a reporting lag, with the most recent year's figures typically available 12-18 months after the end of that year.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Ecuador from Rhode Island (RIECUA475SCEN), retrieved from FRED.