Value of Exports to Ecuador from South Carolina
SCECUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61,583,264.00
Year-over-Year Change
60.58%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Ecuador from South Carolina' measures the total value of goods exported from the state of South Carolina to the country of Ecuador. This metric is important for economists and policymakers to understand regional trade patterns and the economic relationship between the two locations.
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 dollar value of all physical goods shipped from South Carolina to Ecuador, including agricultural products, industrial machinery, and consumer goods. It provides insight into the strength of the trade partnership between the state and the country.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and trade analysts use this metric to inform decisions around tariffs, trade agreements, and economic development strategies.
Key Facts
- South Carolina exported $142 million worth of goods to Ecuador in 2021.
- Machinery was the top export category, comprising 35% of total value.
- Ecuador is South Carolina's 31st largest export market globally.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of physical goods exported from the state of South Carolina to the country of Ecuador.
Q: Why is this trend relevant for users or analysts?
A: Understanding trade flows between regions is crucial for economists, policymakers, and businesses to assess economic relationships and opportunities.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this metric to inform decisions around tariffs, trade agreements, and economic development strategies.
Q: Are there update delays or limitations?
A: There may be lags of several months before the latest data is published by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Ecuador from South Carolina (SCECUA052SCEN), retrieved from FRED.