Value of Exports to Finland from Rhode Island
RIFINA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
222,979.00
Year-over-Year Change
-96.88%
Date Range
1/1/1997 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Rhode Island to Finland. It provides insights into trade dynamics between the two economies.
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
The Value of Exports to Finland from Rhode Island is an important economic indicator that tracks the total value of goods and services exported from Rhode Island to Finland. It offers insights into the trade relationship and commercial activity between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
This trend is closely watched by trade analysts, policymakers, and businesses to understand Rhode Island's export performance and competitiveness in the Finnish market.
Key Facts
- Rhode Island exported $58.2 million worth of goods to Finland in 2021.
- Finland was Rhode Island's 35th largest export destination in 2021.
- Machinery and computer/electronic products are top Rhode Island exports to Finland.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of exports from the U.S. state of Rhode Island to Finland, providing insights into the trade relationship between the two economies.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for trade analysts, policymakers, and businesses to understand Rhode Island's export performance and competitiveness in the Finnish market.
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: This trend is closely watched by policymakers to assess the trade dynamics between Rhode Island and Finland, and to inform decisions on trade agreements, tariffs, and other policies that may impact the export-import relationship.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 month delay, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Value of Exports to Finland from Rhode Island (RIFINA052SCEN), retrieved from FRED.