Value of Exports to Senegal from Rhode Island
RISENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
395,896.00
Year-over-Year Change
349.86%
Date Range
1/1/2003 - 1/1/2017
Summary
The 'Value of Exports to Senegal from Rhode Island' measures the total dollar value of merchandise exports from the U.S. state of Rhode Island to the country of Senegal. This metric is important for understanding Rhode Island's trade dynamics and competitiveness in international markets.
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, published by the U.S. Census Bureau, tracks the monthly and annual value of physical goods exported from Rhode Island to Senegal. It provides insights into the trade relationship between the two regions and can inform business and policy decisions related to international commerce.
Methodology
The data is collected through surveys of U.S. exporters and compiled by the Census Bureau.
Historical Context
Policymakers and businesses use this metric to analyze trends in Rhode Island's export activities and assess the state's performance in the Senegalese market.
Key Facts
- Rhode Island exported $7.2 million in goods to Senegal in 2021.
- Exports to Senegal account for 0.4% of Rhode Island's total international trade.
- The top export categories are machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This data series measures the total dollar value of merchandise exports from the U.S. state of Rhode Island to the country of Senegal on a monthly and annual basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Rhode Island's trade relationship with Senegal, which can inform business strategy and policymaking decisions related to international commerce.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. exporters and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this metric to analyze trends in Rhode Island's export activities and assess the state's performance in the Senegalese market.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month lag and may be subject to revisions.
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Citation
U.S. Census Bureau, Value of Exports to Senegal from Rhode Island (RISENA052SCEN), retrieved from FRED.