Value of Exports to Philippines from Arkansas
ARPHLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21,461,328.00
Year-over-Year Change
3.29%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Philippines from Arkansas' measures the dollar value of goods and services exported from Arkansas to the Philippines. This metric is important for economists and policymakers to analyze trade patterns 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 economic trend represents the total value of merchandise and services sent from Arkansas to the Philippines. It is used to assess the strength of bilateral trade relationships and Arkansas's export performance in the Philippine market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
This export value trend informs trade policy discussions and helps businesses identify international growth opportunities.
Key Facts
- Arkansas exported $178 million in goods to the Philippines in 2021.
- The Philippines was Arkansas's 13th largest export market in 2021.
- Arkansas's top exports to the Philippines include agricultural products and machinery.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of merchandise and services exported from the state of Arkansas to the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing Arkansas's trade relationship and export performance in the Philippine market, which informs economic and trade policy decisions.
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: This export value trend is used by policymakers and analysts to understand trade patterns and identify opportunities to expand bilateral trade between Arkansas and the Philippines.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month lag, and may not capture all shipments depending on reporting requirements.
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Citation
U.S. Federal Reserve, Value of Exports to Philippines from Arkansas (ARPHLA052SCEN), retrieved from FRED.