Value of Exports to Ecuador from Arkansas
ARECUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
16,103,812.00
Year-over-Year Change
687.24%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic indicator tracks the value of exports from the state of Arkansas to Ecuador, providing insights into trade dynamics and economic relationships between the two regions.
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 Ecuador from Arkansas measures the total dollar value of goods and services exported from Arkansas to Ecuador. This metric is used by economists and policymakers to analyze trade patterns, evaluate the strength of economic ties, and inform decisions related to international commerce and investment.
Methodology
The data is collected and reported by the U.S. Census Bureau through its state-level export statistics program.
Historical Context
This trend is relevant for understanding Arkansas' export-oriented economic activities and the state's engagement with the Ecuadorian market.
Key Facts
- Arkansas exported $42.3 million worth of goods to Ecuador in 2021.
- Ecuador is Arkansas' 45th largest export destination globally.
- Top exported products from Arkansas to Ecuador include agricultural machinery and chemical products.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of exports from the state of Arkansas to Ecuador, capturing the trade flows between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This trend provides insights into Arkansas' export-oriented economic activities and the strength of its trade relationship with Ecuador, which is valuable information for policymakers, businesses, and economists analyzing regional economic dynamics.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its state-level export statistics program.
Q: How is this trend used in economic policy?
A: This trend can inform decisions related to international trade agreements, investment promotion, and the development of export-oriented industries in Arkansas.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may not capture the most recent trade dynamics between Arkansas and Ecuador.
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Citation
U.S. Federal Reserve, Value of Exports to Ecuador from Arkansas (ARECUA052SCEN), retrieved from FRED.