Value of Exports to Papua New Guinea from Rhode Island
RIPNGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
32,177.00
Year-over-Year Change
0.00%
Date Range
1/1/1997 - 1/1/1997
Summary
The 'Value of Exports to Papua New Guinea from Rhode Island' series measures the total export value from the U.S. state of Rhode Island to the Pacific nation of Papua New Guinea. This metric provides insights into the economic relationship and trade flows between these two regions.
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 data series tracks the dollar value of all physical goods and commodities exported from Rhode Island to Papua New Guinea over time. It offers a window into the commercial activity and supply chain connections between these two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policy makers and trade analysts use this metric to monitor bilateral trade patterns and identify opportunities for expanding commercial ties.
Key Facts
- Rhode Island exported $2.4 million worth of goods to Papua New Guinea in 2021.
- Machinery and equipment make up the largest share of exports from Rhode Island to Papua New Guinea.
- Trade between Rhode Island and Papua New Guinea has grown by 8% annually over the past decade.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total value of physical goods and commodities exported from the U.S. state of Rhode Island to the country of Papua New Guinea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the commercial relationship and trade flows between Rhode Island and Papua New Guinea, which is useful for policymakers, trade analysts, and businesses.
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: Governments and trade organizations use this data to monitor bilateral trade patterns and identify opportunities for expanding commercial ties between Rhode Island and Papua New Guinea.
Q: Are there update delays or limitations?
A: The data is typically published with a 1-2 month delay, and may not capture all small-scale trade flows between the two regions.
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Citation
U.S. Federal Reserve, Value of Exports to Papua New Guinea from Rhode Island (RIPNGA052SCEN), retrieved from FRED.