Value of Exports to Saudi Arabia from South Carolina
SCSAUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
730,650,141.00
Year-over-Year Change
1657.26%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Saudi Arabia from South Carolina' trend tracks the dollar value of goods exported from South Carolina to Saudi Arabia. This metric provides insight into the commercial relationship and trade flows between the U.S. state and the Middle Eastern country.
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 represents the total value of merchandise exported from South Carolina to Saudi Arabia. It is an important indicator of the strength of South Carolina's export-driven economy and its engagement in global trade with major international markets.
Methodology
The data is collected and reported by the U.S. Census Bureau through its USA Trade Online platform.
Historical Context
Policymakers and economists analyze this trend to assess South Carolina's export performance and competitiveness in the global marketplace.
Key Facts
- South Carolina is a major exporting state, with over $35 billion in annual exports.
- Saudi Arabia is one of South Carolina's key trading partners in the Middle East.
- The state's top exports to Saudi Arabia include machinery, transportation equipment, and chemicals.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and merchandise exported from the U.S. state of South Carolina to Saudi Arabia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial relationship and trade flows between South Carolina and a major international market, which is important for understanding the state's export-driven economy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its USA Trade Online platform.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess South Carolina's export performance and competitiveness in the global marketplace, which can inform trade and economic development policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several months, so there may be delays in the most recent information.
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Citation
U.S. Federal Reserve, Value of Exports to Saudi Arabia from South Carolina (SCSAUA052SCEN), retrieved from FRED.