Value of Exports to Hong Kong from Texas
TXHKGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,337,413,938.00
Year-over-Year Change
158.39%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Hong Kong from Texas' metric tracks the dollar value of goods and services exported from the state of Texas to Hong Kong. This provides insight into Texas's trade relationship with a major 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
This economic series measures the total value of exports from Texas to Hong Kong, a major trading partner. It is used by economists and policymakers to assess the strength of Texas's export economy and its commercial ties with Asia.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and other sources.
Historical Context
Trends in Texas's exports to Hong Kong are relevant for understanding the state's trade dynamics and economic integration with global markets.
Key Facts
- Texas is the second-largest exporting state in the U.S.
- Hong Kong is Texas's 5th largest export market globally.
- Exports to Hong Kong make up around 3% of total Texas exports.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of goods and services exported from the state of Texas to Hong Kong, a major international trading partner.
Q: Why is this trend relevant for users or analysts?
A: Monitoring Texas's export volumes to Hong Kong provides insight into the state's trade relationships and economic integration with global markets.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and other sources.
Q: How is this trend used in economic policy?
A: Trends in Texas's exports to Hong Kong are relevant for understanding the state's trade dynamics and informing economic policies related to international commerce.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the figures do not capture all informal or undocumented trade activities.
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Citation
U.S. Federal Reserve, Value of Exports to Hong Kong from Texas (TXHKGA052SCEN), retrieved from FRED.