Number of Identified Exporters to Canada from South Dakota
SDCANA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
515.00
Year-over-Year Change
17.58%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Canada from South Dakota' metric tracks the count of companies located in South Dakota that export goods to Canada. This data provides insight into the trade relationship between South Dakota 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 series measures the total number of businesses based in South Dakota that have been identified as exporting products to Canada. It serves as an indicator of the scale and activity of cross-border trade between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of South Dakota companies.
Historical Context
Policymakers and trade analysts use this information to monitor the health of the South Dakota-Canada trade corridor.
Key Facts
- South Dakota exported over $1 billion in goods to Canada in 2021.
- The number of identified South Dakota exporters to Canada has grown by 20% since 2015.
- Canada is the top international destination for products from South Dakota.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total number of businesses located in South Dakota that have been identified as exporting goods to Canada.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the scale and activity of the trade relationship between South Dakota and its largest international market, Canada.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this information through surveys of companies in South Dakota.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this data to monitor the health of the South Dakota-Canada trade corridor and inform decisions around international commerce.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting of this data by the Census Bureau.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Canada from South Dakota (SDCANA475SCEN), retrieved from FRED.