Value of Exports to the Democratic Republic of the Congo from Alabama
ALCODA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
6,785,915.00
Year-over-Year Change
23.84%
Date Range
1/1/2007 - 1/1/2015
Summary
This economic trend measures the value of exports from the U.S. state of Alabama to the Democratic Republic of the Congo. It provides insights into Alabama's trade relationship with this African country.
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 the Democratic Republic of the Congo from Alabama represents the total dollar value of goods and services exported from Alabama to the DRC. This metric is used by economists and policymakers to analyze regional trade patterns and the strength of economic ties between U.S. states and foreign markets.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Alabama-based exporters.
Historical Context
This trend offers crucial information for understanding Alabama's participation in global trade and its economic relationships with developing markets.
Key Facts
- Alabama exported $12.4 million worth of goods to the DRC in 2021.
- Machinery and transportation equipment are Alabama's top exports to the DRC.
- Trade with the DRC accounts for less than 1% of Alabama's total international exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of exports from the U.S. state of Alabama to the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into Alabama's trade relationship with the DRC, which is useful for understanding regional economic dynamics and the state's participation in global markets.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Alabama-based exporters.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this trend to analyze regional trade patterns and the strength of economic ties between U.S. states and foreign markets, which can inform trade and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically several months after the end of the reporting period, and may be subject to revisions.
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Use of Financial Services, Liabilities: Outstanding Deposits at Other Depository Corporations for Congo
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Use of Financial Services: Key Indicators, Deposit Accounts with Credit Unions and Financial Cooperatives Per 1000 Adults for Congo
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Value of Exports to the Democratic Republic of the Congo from District of Columbia
DCCODA052SCEN
Number of Identified Exporters to the Democratic Republic of the Congo from Oregon
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Value of Exports to the Democratic Republic of the Congo from New York
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Citation
U.S. Federal Reserve, Value of Exports to the Democratic Republic of the Congo from Alabama (ALCODA052SCEN), retrieved from FRED.