Value of Exports to Mexico from Rhode Island
RIMEXA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
213,035,721.00
Year-over-Year Change
247.16%
Date Range
1/1/1992 - 1/1/2017
Summary
The Value of Exports to Mexico from Rhode Island measures the dollar value of goods and services exported from Rhode Island to Mexico. This metric is important for assessing Rhode Island's trade relationship with its southern neighbor.
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 represents the monetary value of exports originating from Rhode Island businesses and sent to customers in Mexico. Economists and policymakers use this data to analyze trends in Rhode Island's trade balance and competitiveness in the Mexican market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Historical Context
The value of exports to Mexico is a key indicator of economic activity and market access for Rhode Island exporters.
Key Facts
- Rhode Island exports to Mexico totaled $194 million in 2021.
- Exports to Mexico account for 3.4% of Rhode Island's total exports.
- Mexico is Rhode Island's 5th largest export destination.
FAQs
Q: What does this economic trend measure?
A: The Value of Exports to Mexico from Rhode Island measures the dollar value of goods and services exported from businesses in Rhode Island to customers in Mexico.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for understanding Rhode Island's trade relationship with Mexico and the performance of the state's exporting industries in that market.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to analyze trends in Rhode Island's trade balance and the competitiveness of the state's exporters in the Mexican market.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the data may not capture all informal or unreported trade activity.
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Citation
U.S. Federal Reserve, Value of Exports to Mexico from Rhode Island (RIMEXA052SCEN), retrieved from FRED.