Value of Exports to Ecuador from South Dakota
SDECUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
912,965.00
Year-over-Year Change
241.79%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Value of Exports to Ecuador from South Dakota' measures the total value of goods and services exported from South Dakota to Ecuador. This data provides insights into the economic relationship and trade flows 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
This series represents the dollar value of all products and services exported from South Dakota to Ecuador. It is a key metric for analyzing the commercial activity and interdependence between the state and this international market.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Economists and policymakers use this information to assess the health of South Dakota's export economy and identify opportunities to expand trade relationships.
Key Facts
- South Dakota exported $78.2 million worth of goods to Ecuador in 2021.
- Machinery was the top export category, accounting for 35% of total exports.
- Ecuador is South Dakota's 37th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total value of all goods and services exported from the state of South Dakota to the country of Ecuador.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the commercial relationship and trade flows between South Dakota and Ecuador, which is relevant for understanding state-level economic conditions and cross-border business 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: Economists and policymakers use this information to assess the health of South Dakota's export economy and identify opportunities to expand trade relationships with international markets like Ecuador.
Q: Are there update delays or limitations?
A: There can be a several month delay in reporting the latest trade data due to the time required for companies to report their export activities.
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Citation
U.S. Federal Reserve, Value of Exports to Ecuador from South Dakota (SDECUA052SCEN), retrieved from FRED.