Value of Exports to South Africa from Arkansas
ARZAFA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
15,800,425.00
Year-over-Year Change
-73.06%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to South Africa from Arkansas' tracks the dollar value of goods and services exported from the U.S. state of Arkansas to South Africa. This metric is useful for understanding Arkansas' trade relationship with a key African market.
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 series represents the total value of exports originating from the state of Arkansas and destined for South Africa. It provides insight into the economic and commercial ties between Arkansas and one of the largest economies on the African continent.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and compiled into state-level export statistics.
Historical Context
Policymakers and business analysts use this data to evaluate Arkansas' trade performance and competitiveness in the South African market.
Key Facts
- Arkansas is a major agricultural exporter to South Africa.
- Exports from Arkansas to South Africa peaked in 2015 at $123 million.
- The top exported products from Arkansas to South Africa are machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the U.S. state of Arkansas to South Africa.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the trade relationship between Arkansas and a key African market, which is useful for understanding Arkansas' export performance and competitiveness.
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 state-level export statistics.
Q: How is this trend used in economic policy?
A: Policymakers and business analysts use this data to evaluate Arkansas' trade performance and competitiveness in the South African market, which can inform economic development strategies.
Q: Are there update delays or limitations?
A: There may be lags in the data availability, as the Census Bureau compiles the state-level export statistics on a periodic basis.
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Citation
U.S. Federal Reserve, Value of Exports to South Africa from Arkansas (ARZAFA052SCEN), retrieved from FRED.