Value of Exports to Spain from Rhode Island
RIESPA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,283,033.00
Year-over-Year Change
-43.14%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Spain from Rhode Island' series measures the dollar value of goods and services exported from Rhode Island to Spain. This provides insight into economic activity and trade flows between the two regions.
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 represents the total value of exports originating from Rhode Island that are destined for Spain. It is an important indicator for understanding bilateral trade relationships and regional economic trends.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
This metric is used by economists, policymakers, and businesses to analyze trade dynamics and guide decisions around economic and commercial policies.
Key Facts
- Rhode Island exported $123 million in goods and services to Spain in 2021.
- Exports to Spain account for 2.4% of Rhode Island's total international exports.
- The top export categories from Rhode Island to Spain are machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of exports from the state of Rhode Island to Spain. It provides insight into the trade relationship and economic linkages between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding regional export patterns, competitiveness, and the broader trade dynamics between the U.S. and Spain. It informs policy decisions and business strategies.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze trade flows, identify export opportunities, and develop policies that support regional economic growth and international competitiveness.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month lag. While comprehensive, the series may not capture all informal or unreported trade activities.
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Citation
U.S. Federal Reserve, Value of Exports to Spain from Rhode Island (RIESPA052SCEN), retrieved from FRED.