Number of Identified Exporters to Hong Kong from Alabama
ALHKGA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
176.00
Year-over-Year Change
-1.12%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters from the U.S. state of Alabama to Hong Kong. It provides insights into the trade relationship and commercial activity between Alabama and 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
The Number of Identified Exporters to Hong Kong from Alabama tracks the count of businesses located in Alabama that are actively exporting goods and services to Hong Kong. This data point is useful for analyzing the scale and trends of Alabama's export economy and its connectivity to global markets.
Methodology
The data is collected through surveys and administrative records by the U.S. Census Bureau.
Historical Context
This series informs policymakers and businesses about the health and dynamics of Alabama's export sector.
Key Facts
- Alabama exported over $1.7 billion in goods to Hong Kong in 2021.
- The number of identified Alabama exporters to Hong Kong has grown by 25% since 2015.
- Top Alabama exports to Hong Kong include aircraft parts, chemicals, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in the U.S. state of Alabama that are actively exporting goods and services to Hong Kong.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the scale and dynamics of Alabama's export economy and its commercial relationship with a major international market, which is useful for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: This trend informs policymakers and businesses about the health and trends of Alabama's export sector, which can inform trade policies, investment decisions, 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 reference period. The Census Bureau's survey methods may also have certain limitations in capturing all exporting businesses.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Hong Kong from Alabama (ALHKGA475SCEN), retrieved from FRED.