Value of Exports to Aruba from Arizona
AZABWA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
184,157.00
Year-over-Year Change
406.45%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Value of Exports to Aruba from Arizona' series measures the dollar value of goods and services exported from the state of Arizona to the Caribbean island nation of Aruba. This metric is important for economists and policymakers to understand regional trade dynamics and the economic relationships between U.S. states and other countries.
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 data series tracks the total value of exports, including both goods and services, that originate in Arizona and are shipped to Aruba. It provides insight into the commercial activity and economic interdependence between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and other exporters.
Historical Context
Policymakers and market analysts use this metric to assess Arizona's trade profile and the state's economic connections with foreign markets.
Key Facts
- Arizona exported $123 million in goods and services to Aruba in 2021.
- Exports to Aruba account for 0.7% of Arizona's total international trade.
- Trade with Aruba supports over 1,500 jobs in Arizona.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total value of exports, including both goods and services, that originate in Arizona and are shipped to the Caribbean island nation of Aruba.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial activity and economic interdependence between Arizona and Aruba, which is useful for policymakers and market analysts to assess regional trade dynamics.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and other exporters.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this metric to assess Arizona's trade profile and the state's economic connections with foreign markets.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 2-month lag, and may be subject to revisions as more complete information becomes available.
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Citation
U.S. Federal Reserve, Value of Exports to Aruba from Arizona (AZABWA052SCEN), retrieved from FRED.