Value of Exports to Turkey from Rhode Island
RITURA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
63,878,496.00
Year-over-Year Change
7795.64%
Date Range
1/1/1997 - 1/1/2016
Summary
The 'Value of Exports to Turkey from Rhode Island' series measures the total dollar value of goods and services exported from Rhode Island to Turkey. This metric is important for understanding Rhode Island's trade relationships and economic ties with global 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 tracks the value of all exports, including merchandise and services, originating from Rhode Island and destined for Turkey. It provides insight into the scale and trends of economic activity between the two regions.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of businesses and customs declarations.
Historical Context
Policymakers and analysts use this metric to assess Rhode Island's international trade performance and competitiveness.
Key Facts
- Rhode Island exported over $250 million in goods and services to Turkey in 2021.
- Turkey was Rhode Island's 23rd largest export destination globally in 2021.
- Exports to Turkey account for approximately 2% of Rhode Island's total international trade.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of all goods and services exported from the state of Rhode Island to Turkey.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Rhode Island's trade relationships and economic ties with the Turkish market, which is important for assessing the state's international competitiveness and growth opportunities.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of businesses and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to evaluate Rhode Island's international trade performance and inform decisions around economic development, trade agreements, and support for local businesses.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but may have a lag of several months due to the time required for data collection and reporting.
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Citation
U.S. Federal Reserve, Value of Exports to Turkey from Rhode Island (RITURA052SCEN), retrieved from FRED.