Value of Exports to Spain from Arkansas
ARESPA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
20,706,435.00
Year-over-Year Change
-48.64%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Spain from Arkansas' metric tracks the total dollar value of goods exported from the U.S. state of Arkansas to Spain. This measure provides insight into the trade relationship between Arkansas and one of its key 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 economic series, published by the U.S. Census Bureau, quantifies the flow of physical goods being shipped from Arkansas-based producers and suppliers to consumers and businesses in Spain. It is a key indicator of Arkansas's export activity and competitiveness in the global economy.
Methodology
The data is collected through mandatory reporting of all international trade transactions by U.S. exporters.
Historical Context
Policymakers and trade analysts monitor this metric to understand Arkansas's participation in international commerce and the state's economic ties with Spain.
Key Facts
- Arkansas exported over $130 million in goods to Spain in 2021.
- Spain is Arkansas's 13th largest international export market.
- Top exported products from Arkansas to Spain include aircraft, agricultural chemicals, and electrical machinery.
FAQs
Q: What does this economic trend measure?
A: This metric quantifies the total dollar value of physical goods and commodities exported from the U.S. state of Arkansas to Spain.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into Arkansas's trade relationship with one of its key international markets, which is important for understanding the state's economic competitiveness and participation in global commerce.
Q: How is this data collected or calculated?
A: The data is collected through mandatory reporting of all international trade transactions by U.S. exporters.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts monitor this metric to understand Arkansas's export performance and the state's economic ties with Spain, which can inform trade policies and economic development strategies.
Q: Are there update delays or limitations?
A: There is typically a 1-2 month delay in the reporting of this data by the U.S. Census Bureau.
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Citation
U.S. Census Bureau, Value of Exports to Spain from Arkansas (ARESPA052SCEN), retrieved from FRED.