Number of Identified Exporters to Republic of Korea from Rhode Island
RIKORA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
109.00
Year-over-Year Change
0.00%
Date Range
1/1/1992 - 1/1/2016
Summary
This economic trend measures the number of exporters from Rhode Island to the Republic of Korea. It provides insights into the trade dynamics between the state and this important Asian 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
The Number of Identified Exporters to Republic of Korea from Rhode Island series tracks the count of unique companies based in Rhode Island that export goods to South Korea. This metric is used by economists and policymakers to assess the health and diversification of the state's export sector.
Methodology
The data is collected by the U.S. Census Bureau through mandatory business surveys.
Historical Context
Trends in exporter counts can inform decisions around trade agreements, export promotion programs, and market development strategies.
Key Facts
- Rhode Island exports to South Korea were valued at $90 million in 2021.
- The number of identified Rhode Island exporters to South Korea has grown by 12% since 2015.
- Machinery and computer/electronic products are Rhode Island's top exports to South Korea.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses based in Rhode Island that export goods to the Republic of Korea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the health and diversification of Rhode Island's export sector, which is an important driver of economic growth.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory business surveys.
Q: How is this trend used in economic policy?
A: Trends in exporter counts can inform decisions around trade agreements, export promotion programs, and market development strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months due to the survey collection process.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Republic of Korea from Rhode Island (RIKORA475SCEN), retrieved from FRED.