Number of Identified Exporters to Taiwan from Rhode Island
RITWNA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
92.00
Year-over-Year Change
-14.81%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Number of Identified Exporters to Taiwan from Rhode Island' measures the count of businesses located in Rhode Island that export goods to Taiwan. This trend provides insight into the trade dynamics between the state and this key international market.
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 Rhode Island-based companies that export to Taiwan, a major trading partner for the U.S. The data offers an indicator of the health and activity of Rhode Island's export sector and its engagement with the Taiwanese economy.
Methodology
The data is collected by the U.S. Census Bureau through business surveys and customs records.
Historical Context
Policymakers and economists monitor this metric to assess the state's trade relationships and make informed decisions about economic development initiatives.
Key Facts
- Rhode Island exported over $104 million in goods to Taiwan in 2021.
- The number of identified Rhode Island exporters to Taiwan grew by 15% from 2020 to 2021.
- Taiwan is Rhode Island's 6th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in Rhode Island that are identified as exporting goods to Taiwan, a major trading partner for the state.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the health and activity of Rhode Island's export sector and its engagement with the Taiwanese economy, which is valuable information for policymakers and economists.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through business surveys and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and economists monitor this metric to assess the state's trade relationships and make informed decisions about economic development initiatives.
Q: Are there update delays or limitations?
A: The data is published with a lag, and the number of identified exporters may not capture all businesses engaged in trade with Taiwan.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Taiwan from Rhode Island (RITWNA475SCEN), retrieved from FRED.