Value of Exports to Dominican Republic from Texas
TXDOMA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,333,169,055.00
Year-over-Year Change
262.86%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the value of exports from the U.S. state of Texas to the Dominican Republic. It provides insight into the trade relationship between Texas and this Caribbean nation.
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 Dominican Republic from Texas' tracks the dollar value of goods and services shipped from Texas to the Dominican Republic over time. This metric is useful for analyzing regional trade patterns and the economic integration between the two markets.
Methodology
The data is collected and published by the U.S. Census Bureau based on customs records and surveys of exporters.
Historical Context
This export data informs policymakers and businesses about the strength of the Texas-Dominican Republic commercial relationship.
Key Facts
- Texas is the largest exporting U.S. state.
- The Dominican Republic is a top trading partner for Texas.
- Exports from Texas to the Dominican Republic have grown over the past decade.
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 Texas to the Dominican Republic.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade relationship between Texas and the Dominican Republic, which is important for understanding regional economic integration and commercial activity.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau based on customs records and surveys of exporting companies.
Q: How is this trend used in economic policy?
A: This export data informs policymakers and businesses about the strength of the Texas-Dominican Republic commercial relationship, which can guide trade, investment, and economic development decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture all exports due to challenges in data collection.
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Citation
U.S. Federal Reserve, Value of Exports to Dominican Republic from Texas (TXDOMA052SCEN), retrieved from FRED.