Value of Exports to Senegal from South Carolina
SCSENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
471,689.00
Year-over-Year Change
-9.91%
Date Range
1/1/2002 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of South Carolina to the West African country of Senegal. It provides insights into trade flows and economic ties between the two regions.
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 'Value of Exports to Senegal from South Carolina' series tracks the dollar value of goods and services shipped from South Carolina to Senegal. It is an important indicator of the commercial relationship and trade balance between the two economies.
Methodology
The data is compiled by the U.S. Census Bureau from shipping manifests and customs declarations.
Historical Context
This metric is used by economists, trade analysts, and policymakers to monitor commercial activity and guide trade policy decisions.
Key Facts
- South Carolina's exports to Senegal totaled $25.3 million in 2021.
- Machinery and aircraft were the top export categories from South Carolina to Senegal.
- Senegal ranked as South Carolina's 84th largest export destination in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of goods and services exported from the U.S. state of South Carolina to the country of Senegal.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade relationship and economic ties between South Carolina and Senegal, which is valuable for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is compiled by the U.S. Census Bureau from shipping manifests and customs declarations.
Q: How is this trend used in economic policy?
A: This trend is used by trade analysts and policymakers to monitor commercial activity and guide decisions related to international trade agreements and policies.
Q: Are there update delays or limitations?
A: There may be a lag of several months between the end of a reporting period and the release of the latest data.
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Citation
U.S. Federal Reserve, Value of Exports to Senegal from South Carolina (SCSENA052SCEN), retrieved from FRED.