Value of Exports to Australia from Arizona
AZAUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
229,901,873.00
Year-over-Year Change
55.76%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Australia from Arizona' series measures the dollar value of goods exported from the state of Arizona to Australia. This data provides insights into the trade relationship between Arizona 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 indicator tracks the total value of products and commodities shipped from Arizona-based companies and producers to customers in Australia. It is used by economists, trade analysts, and policymakers to monitor the strength of Arizona's export economy and its engagement with the Australian market.
Methodology
The data is collected and reported by the U.S. Census Bureau through its state-level export statistics program.
Historical Context
Analyzing changes in this export value metric can inform decisions around trade policy, economic development, and support for Arizona businesses seeking to expand overseas.
Key Facts
- Arizona exported over $1 billion worth of goods to Australia in 2021.
- Semiconductors and electronic components are Arizona's top exports to Australia.
- Australia is Arizona's 10th largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to Australia from Arizona' series tracks the total dollar value of goods shipped from Arizona to customers in Australia.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between Arizona and one of its key international markets, which is valuable for economic analysis, policy decisions, and business strategy.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its state-level export statistics program.
Q: How is this trend used in economic policy?
A: Monitoring changes in Arizona's export value to Australia can inform decisions around trade policy, economic development initiatives, and support for local businesses seeking to expand internationally.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 2-3 months after the end of each reporting period. State-level export statistics may also have sampling or coverage limitations compared to national-level trade data.
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Citation
U.S. Federal Reserve, Value of Exports to Australia from Arizona (AZAUSA052SCEN), retrieved from FRED.