Value of Exports to Sri Lanka from Rhode Island
RILKAA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
317,724.00
Year-over-Year Change
-90.28%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the value of exports from Rhode Island to Sri Lanka. It provides insights into the trade relationship between the U.S. state and the island nation.
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 Sri Lanka from Rhode Island' metric tracks the monetary worth of goods and services exported from Rhode Island to Sri Lanka. It is used by economists and policymakers to analyze trends in state-level trade flows and Rhode Island's export performance.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
This trend is relevant for understanding Rhode Island's export activity and its economic ties with Sri Lanka.
Key Facts
- Rhode Island exported $52.3 million in goods to Sri Lanka in 2021.
- Sri Lanka was Rhode Island's 38th largest export destination in 2021.
- The top exported products from Rhode Island to Sri Lanka are machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monetary value of exports from the U.S. state of Rhode Island to Sri Lanka, providing insights into their trade relationship.
Q: Why is this trend relevant for users or analysts?
A: This trend is useful for understanding Rhode Island's export performance and economic connections with Sri Lanka, which is relevant for policymakers, businesses, and economists analyzing state-level trade flows.
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: This trend is used by economists and policymakers to analyze trends in state-level trade flows and Rhode Island's export activity, which can inform economic development strategies and trade policies.
Q: Are there update delays or limitations?
A: The data is released by the U.S. Census Bureau with a delay of several months, and may be subject to revisions over time.
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Citation
U.S. Federal Reserve, Value of Exports to Sri Lanka from Rhode Island (RILKAA052SCEN), retrieved from FRED.