Value of Exports to Romania from Alabama
ALROUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,940,929.00
Year-over-Year Change
140.72%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Value of Exports to Romania from Alabama' series measures the total value of goods and services exported from the state of Alabama to Romania. This metric is important for understanding Alabama's international trade relationships and competitiveness.
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 dollar value of all Alabama-based exports destined for Romania. It is a key indicator of the commercial and economic ties between the two regions and can inform policymakers and businesses about emerging trade patterns and opportunities.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Alabama exporters.
Historical Context
Policymakers and economists use this metric to assess Alabama's participation in global supply chains and the state's export-oriented industries.
Key Facts
- Alabama exported $42.5 million in goods to Romania in 2021.
- Aerospace products are Alabama's top export to Romania.
- Romania ranks 49th among Alabama's global export destinations.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of goods and services exported from the state of Alabama to the country of Romania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Alabama's international trade relationships and competitiveness, which is important for policymakers and businesses.
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 series to assess Alabama's participation in global supply chains and the state's export-oriented industries.
Q: Are there update delays or limitations?
A: The data is subject to the release schedule and methodological changes of the U.S. Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to Romania from Alabama (ALROUA052SCEN), retrieved from FRED.