Number of Identified Exporters to Saudi Arabia from South Carolina
SCSAUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
168.00
Year-over-Year Change
10.53%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of businesses identified as exporters to Saudi Arabia from the U.S. state of South Carolina. It provides insights into South Carolina's trade relationships and commercial activity with a 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
The Number of Identified Exporters to Saudi Arabia from South Carolina tracks the count of companies based in South Carolina that have been identified as exporting goods or services to Saudi Arabia. This metric offers economists and policymakers a view into the dynamics of South Carolina's export sector and its engagement with the Saudi Arabian market.
Methodology
The data is collected by the U.S. Census Bureau through surveys and administrative records.
Historical Context
This trend is useful for analyzing South Carolina's trade patterns and competitiveness in global markets.
Key Facts
- South Carolina is a major exporting state in the U.S.
- Saudi Arabia is a significant trade partner for many U.S. states.
- Exporting firms contribute to economic growth and job creation.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses based in South Carolina that have been identified as exporting goods or services to Saudi Arabia.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into South Carolina's trade relationships and the dynamics of its export sector, which is important for understanding regional economic performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys and administrative records.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze South Carolina's trade patterns and engagement with key international markets, which can inform decisions around economic development, trade policy, and export promotion initiatives.
Q: Are there update delays or limitations?
A: There may be delays in data reporting and updates due to the nature of survey-based data collection.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Saudi Arabia from South Carolina (SCSAUA475SCEN), retrieved from FRED.