Number of Identified Exporters to Portugal from Rhode Island
RIPRTA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.00
Year-over-Year Change
6.25%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Portugal from Rhode Island' measures the count of businesses located in Rhode Island that export goods to Portugal. This metric provides insight into the trade dynamics between the 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 economic trend tracks the number of exporters from Rhode Island to Portugal over time. It is used by trade analysts and policymakers to understand the strength of economic ties and trade flows between the state and this key international market.
Methodology
The data is collected through surveys of businesses and customs declarations.
Historical Context
Monitoring exporter trends can inform trade policy decisions and business strategies.
Key Facts
- Rhode Island exported $123 million in goods to Portugal in 2021.
- The number of identified exporters from Rhode Island to Portugal peaked at 275 in 2019.
- The top exported products from Rhode Island to Portugal are machinery, chemicals, and plastics.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in Rhode Island that have been identified as exporting goods to Portugal.
Q: Why is this trend relevant for users or analysts?
A: Tracking the number of exporters provides insights into the trade dynamics and economic ties between Rhode Island and Portugal, which can inform business strategies and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Monitoring exporter trends can help policymakers understand trade flows and make informed decisions about trade policy between Rhode Island and Portugal.
Q: Are there update delays or limitations?
A: There may be delays in reporting exporter data, and the metric may not capture all small or informal exporters.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Portugal from Rhode Island (RIPRTA475SCEN), retrieved from FRED.