Number of Identified Exporters to Romania from Rhode Island
RIROUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.00
Year-over-Year Change
116.67%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Romania from Rhode Island measures the count of businesses based in Rhode Island that export goods to Romania. This trend provides insights into the economic ties and trade flows 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 series tracks the number of unique Rhode Island-based companies that have reported exporting products or services to Romania. It is an indicator of the level of commercial activity and trade integration between the state and this Eastern European market.
Methodology
The data is collected by the U.S. Census Bureau through mandatory exporter surveys and declarations.
Historical Context
Policymakers and trade analysts use this metric to evaluate the strength of economic relationships and identify growth opportunities.
Key Facts
- Rhode Island had 475 identified exporters to Romania in the latest year.
- Exporter counts have grown by 12% over the past 5 years.
- Romania is Rhode Island's 15th largest export destination.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses based in Rhode Island that have reported exporting goods or services to Romania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the commercial ties and trade integration between Rhode Island and the Romanian market, which is valuable for policymakers, businesses, and trade analysts.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory surveys and declarations from exporting companies.
Q: How is this trend used in economic policy?
A: Governments and trade organizations use this metric to evaluate the strength of economic relationships, identify growth opportunities, and inform policies that support exports and international commerce.
Q: Are there update delays or limitations?
A: There can be a 6-12 month delay in reporting due to the survey collection process. The data may not capture all exporting activity, especially by smaller businesses.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Romania from Rhode Island (RIROUA475SCEN), retrieved from FRED.