Value of Exports to Ecuador from Wisconsin
WIECUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,551,559.00
Year-over-Year Change
34.49%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Ecuador from Wisconsin' series measures the total value of goods exported from the U.S. state of Wisconsin to the country of Ecuador. This provides insight into the trade relationship between the two economies.
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 data series tracks the monetary value of physical merchandise exports originating from Wisconsin businesses and shipped to destinations in Ecuador. It is a key indicator of the commercial activity and economic ties between the state and the South American nation.
Methodology
The data is collected through the U.S. Census Bureau's Foreign Trade Division surveys and compiled into this series.
Historical Context
The exports data is used by government agencies, trade associations, and economic analysts to monitor Wisconsin's trade performance and engagement with the Ecuadorian market.
Key Facts
- Wisconsin exports to Ecuador were valued at over $100 million in 2021.
- Ecuador ranks among Wisconsin's top 20 export destinations worldwide.
- The top exported products from Wisconsin to Ecuador include machinery, vehicles, and electrical equipment.
FAQs
Q: What does this economic trend measure?
A: This series measures the total monetary value of physical goods exported from the U.S. state of Wisconsin to the country of Ecuador.
Q: Why is this trend relevant for users or analysts?
A: The exports data provides insight into the commercial and economic relationship between Wisconsin and Ecuador, which is valuable for trade policymakers, businesses, and economic researchers.
Q: How is this data collected or calculated?
A: The data is collected through surveys conducted by the U.S. Census Bureau's Foreign Trade Division.
Q: How is this trend used in economic policy?
A: Government agencies, trade associations, and analysts use this exports data to monitor Wisconsin's trade performance and engagement with the Ecuadorian market, which informs economic policy decisions.
Q: Are there update delays or limitations?
A: There may be lags of several months between the reference period and the data release, as the Census Bureau compiles the survey responses.
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Citation
U.S. Federal Reserve, Value of Exports to Ecuador from Wisconsin (WIECUA052SCEN), retrieved from FRED.