Value of Exports to Spain from Connecticut
CTESPA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
91,168,647.00
Year-over-Year Change
15.78%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Spain from Connecticut' trend measures the total value of goods exported from the U.S. state of Connecticut to Spain. This metric is important for understanding trade flows and regional economic activity.
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 value of physical goods and commodities exported directly from the state of Connecticut to Spain. It is a key indicator of the commercial relationship and trade balance between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporters and customs declarations.
Historical Context
Policymakers and analysts use this metric to assess the health of Connecticut's export-oriented industries and the state's integration with global markets.
Key Facts
- Connecticut is a major exporting state, accounting for over $16 billion in annual exports.
- Spain is Connecticut's 6th largest export destination, receiving $654 million worth of goods in 2021.
- Aerospace products and parts are Connecticut's top export to Spain, comprising over 40% of total value.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of physical goods and commodities exported directly from the U.S. state of Connecticut to Spain.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for understanding trade flows, assessing the performance of Connecticut's export-oriented industries, and evaluating the state's commercial relationship with the Spanish economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporters and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to monitor the health of Connecticut's export sector and the state's integration with global markets.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of approximately two months.
Related Trends
Average Hourly Earnings of All Employees: Manufacturing in Connecticut
SMU09000003000000003
90% Confidence Interval Lower Bound of Estimate of Median Household Income for Connecticut
MHICILBCT09000A052NCEN
All Employees: Manufacturing: Durable Goods: Machinery Manufacturing in Connecticut
SMU09000003133300001SA
Real Gross Domestic Product: Real Estate (531) in Connecticut
CTREALRGSP
Number of Commercial Banks in Connecticut
X08CBTCT
All Employees: Professional and Business Services: Administrative and Support and Waste Management and Remediation Services in Connecticut
SMS09000006056000001
Citation
U.S. Federal Reserve, Value of Exports to Spain from Connecticut (CTESPA052SCEN), retrieved from FRED.