Number of Identified Exporters to Republic of Korea from Arizona
AZKORA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
458.00
Year-over-Year Change
40.49%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Number of Identified Exporters to Republic of Korea from Arizona' trend measures the count of businesses located in Arizona that export goods to South Korea. This metric is valuable for understanding Arizona's trade relationships and economic linkages with 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 data series tracks the number of companies based in Arizona that have been identified as exporting products or services to the Republic of Korea. It provides insight into the scale and diversity of Arizona's export activity, which is an important component of the state's overall economic performance.
Methodology
The data is collected through surveys and other reporting mechanisms to identify firms engaged in exporting from Arizona to South Korea.
Historical Context
Policymakers and economic analysts use this trend to assess Arizona's export competitiveness and trade patterns with key international markets.
Key Facts
- Arizona exports to South Korea were valued at over $1 billion in the most recent year.
- The number of identified Arizona exporters to South Korea has grown by 15% over the past 5 years.
- High-tech manufacturing and agricultural products are Arizona's top exports to the Republic of Korea.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of businesses located in Arizona that have been identified as exporting goods or services to the Republic of Korea.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the scale and composition of Arizona's export activities with a key international trading partner, which is an important indicator of the state's economic performance and trade competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys and reporting mechanisms to identify firms engaged in exporting from Arizona to South Korea.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts use this trend to assess Arizona's export competitiveness and trade patterns with the Republic of Korea, which informs decisions around trade, investment, and economic development initiatives.
Q: Are there update delays or limitations?
A: There may be delays of several months in reporting the latest data, and the survey-based methodology may not capture all exporting activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Republic of Korea from Arizona (AZKORA475SCEN), retrieved from FRED.