Value of Exports to Singapore from Arkansas
ARSGPA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130,263,407.00
Year-over-Year Change
328.53%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Singapore from Arkansas' trend measures the total monetary value of goods and services exported from the U.S. state of Arkansas to the country of Singapore. This metric is important for economists and policymakers to understand trade flows and the economic relationship between Arkansas and one of its key international trading partners.
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 indicator tracks the total dollar value of all products and services exported from Arkansas to Singapore on a monthly basis. It provides insight into the trade balance and commercial ties between the state and the Southeast Asian nation, which is a major destination for Arkansas' exports.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and compiled into this monthly time series.
Historical Context
Policymakers and market analysts use this trend to monitor the state's export performance and economic integration with the global marketplace.
Key Facts
- Arkansas exported over $300 million worth of goods to Singapore in 2021.
- Singapore is Arkansas' 7th largest export destination worldwide.
- Machinery and transportation equipment are major export categories from Arkansas to Singapore.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of goods and services exported from the U.S. state of Arkansas to the country of Singapore on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into the trade relationship and economic ties between Arkansas and one of its key international trading partners, Singapore.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and compiled into this monthly time series.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to monitor Arkansas' export performance and economic integration with the global marketplace.
Q: Are there update delays or limitations?
A: There may be some delay in the monthly data reporting due to the time required for the Census Bureau to collect and process the information from businesses.
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Citation
U.S. Federal Reserve, Value of Exports to Singapore from Arkansas (ARSGPA052SCEN), retrieved from FRED.