Value of Exports to Italy from Rhode Island
RIITAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
106,383,745.00
Year-over-Year Change
253.38%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Italy from Rhode Island' trend measures the total value of goods exported from Rhode Island to Italy. This provides insight into trade dynamics between the state and this key international market.
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 dollar value of merchandise exported from Rhode Island to Italy. It serves as an indicator of the commercial relationship and trade flows between the state and this important European trading partner.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
This export data is used by policymakers, businesses, and economists to assess regional trade patterns and the impacts of trade policy.
Key Facts
- Rhode Island exported over $78 million in goods to Italy in 2022.
- Italy is Rhode Island's 8th largest export destination globally.
- Machinery, chemicals, and transportation equipment are top Rhode Island exports to Italy.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of merchandise exported from the state of Rhode Island to Italy. It tracks the dollar amount of trade flows between the two markets.
Q: Why is this trend relevant for users or analysts?
A: This export data provides insights into the commercial relationship and trade dynamics between Rhode Island and a key international market. It is useful for policymakers, businesses, and economists analyzing regional trade patterns.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this export data to assess the impacts of trade policy on regional economies and commercial relationships.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most current trade environment. The series also only covers merchandise exports, not services trade.
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Citation
U.S. Federal Reserve, Value of Exports to Italy from Rhode Island (RIITAA052SCEN), retrieved from FRED.