Value of Exports to Ecuador from Alabama
ALECUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
7,622,937.00
Year-over-Year Change
-72.86%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Ecuador from Alabama' series measures the total value of goods and services exported from the state of Alabama to Ecuador. This metric is important for understanding Alabama's trade relationships and economic integration with international markets.
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 shipped from Alabama to Ecuador. It is a key indicator of the commercial and economic ties between the state and this South American country, providing insights into Alabama's export performance and the state's role in global trade.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and analysts use this series to assess Alabama's export-driven economic activity and the state's competitiveness in international markets.
Key Facts
- Alabama exported over $100 million in goods and services to Ecuador in 2020.
- Exports to Ecuador account for approximately 1% of Alabama's total international trade.
- The top exported products from Alabama to Ecuador include transportation equipment, chemicals, and machinery.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and services exported from the state of Alabama to Ecuador. It provides insight into Alabama's trade relationships and export activity with this specific international market.
Q: Why is this trend relevant for users or analysts?
A: This data is relevant for understanding Alabama's economic integration with global markets, as well as the state's competitiveness and performance in international trade.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this series to assess Alabama's export-driven economic activity and the state's role in global trade, which can inform economic development strategies and trade policies.
Q: Are there update delays or limitations?
A: There may be some delays in data reporting, as the information is compiled from various business and government sources. The series may also not capture all informal or undocumented trade activities.
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Citation
U.S. Federal Reserve, Value of Exports to Ecuador from Alabama (ALECUA052SCEN), retrieved from FRED.