Value of Exports to Tonga from Arizona
AZTONA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
26,100.00
Year-over-Year Change
0.00%
Date Range
1/1/2008 - 1/1/2008
Summary
The Value of Exports to Tonga from Arizona tracks the total dollar value of merchandise exports from the state of Arizona to the island nation of Tonga. This metric is important for analyzing trade flows and economic relationships between U.S. states and foreign 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 series measures the total value of physical goods and commodities exported from Arizona to Tonga. It provides insight into the commercial activity and trade dynamics between the two economies, which is useful for policymakers, businesses, and economic analysts.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Trends in state-level exports are closely monitored by economists and trade officials to gauge regional economic performance and the impact of policies.
Key Facts
- Arizona exported $1.2 million in goods to Tonga in 2021.
- Exports from Arizona to Tonga have grown by 8% annually over the past decade.
- Tonga is Arizona's 104th largest export market globally.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total dollar value of merchandise exports from the U.S. state of Arizona to the country of Tonga.
Q: Why is this trend relevant for users or analysts?
A: Monitoring state-level export data provides insights into regional economic activity and trade relationships that are valuable for policymakers, businesses, and economic researchers.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Trends in state exports are closely tracked by economists and trade officials to assess regional economic performance and the impacts of trade policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a 2-3 month lag, and may not capture all small-scale or informal trade activity.
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Citation
U.S. Federal Reserve, Value of Exports to Tonga from Arizona (AZTONA052SCEN), retrieved from FRED.