Value of Exports to Aruba from South Carolina
SCABWA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,758,069.00
Year-over-Year Change
-33.81%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Aruba from South Carolina' series tracks the total value of goods and services exported from South Carolina to the island nation of Aruba over time. This metric is important for understanding regional trade flows and economic relationships.
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 measures the dollar value of all products and services exported from the U.S. state of South Carolina to Aruba. It provides insight into the trade dynamics and commercial ties between the two locations, which can inform economic policy and business strategy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies and customs records.
Historical Context
Policymakers and economists use this series to analyze regional trade patterns and the relative economic importance of export markets.
Key Facts
- South Carolina's exports to Aruba totaled $123 million in 2021.
- Aruba accounted for 0.4% of South Carolina's total exports in 2021.
- The value of exports from South Carolina to Aruba has grown by 15% over the past 5 years.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total value of goods and services exported from the U.S. state of South Carolina to the island nation of Aruba.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade dynamics and commercial ties between South Carolina and Aruba, which can inform economic policy and business strategy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this series to analyze regional trade patterns and the relative economic importance of export markets.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month lag, and may not capture all cross-border trade flows.
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Citation
U.S. Federal Reserve, Value of Exports to Aruba from South Carolina (SCABWA052SCEN), retrieved from FRED.