Value of Exports to Canada from South Carolina
SCCANA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,127,975,724.00
Year-over-Year Change
21.31%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Canada from South Carolina' measures the total value of goods and services exported from South Carolina to Canada. This metric provides insight into the economic relationship and trade flows between the state and its northern neighbor.
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 economic series tracks the dollar value of all products and services shipped from South Carolina businesses and producers to customers in Canada. It is an important indicator of the strength of the export market and can help policymakers and analysts assess the state's international trade dynamics.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
This export value trend is used by economists, trade analysts, and policymakers to monitor South Carolina's participation in the North American market.
Key Facts
- South Carolina is one of the top exporting states to Canada.
- Canada is South Carolina's largest export market.
- Exports to Canada account for over 20% of South Carolina's total exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of goods and services exported from businesses in South Carolina to customers in Canada.
Q: Why is this trend relevant for users or analysts?
A: This export value metric provides insight into the strength of South Carolina's trade relationship with its largest international market, which is important for understanding the state's economic dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this export value trend to monitor South Carolina's participation in the North American market and inform decisions around economic development and international trade policies.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this data due to the time required for collection and compilation by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Canada from South Carolina (SCCANA052SCEN), retrieved from FRED.