Value of Exports to Hong Kong from Connecticut
CTHKGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
203,568,417.00
Year-over-Year Change
44.12%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Hong Kong from Connecticut' series measures the total value of goods exported from the state of Connecticut to Hong Kong. This metric is important for economists and policymakers to understand Connecticut's trade relationships and competitiveness in 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 dollar value of all merchandise exported from Connecticut to Hong Kong, a major trading partner. It provides insight into the strength of Connecticut's export-driven industries and can signal changes in the state's economic health and global trade position.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and analysts use this metric to assess Connecticut's export performance and the impact of trade policies on the state's economy.
Key Facts
- Connecticut exported over $1 billion worth of goods to Hong Kong in 2021.
- Exports to Hong Kong account for approximately 5% of Connecticut's total international trade.
- The top export categories from Connecticut to Hong Kong include machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total value of merchandise exported from the state of Connecticut to Hong Kong, one of the state's major international trading partners.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength of Connecticut's export-driven industries and can signal changes in the state's economic health and global trade position.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess Connecticut's export performance and the impact of trade policies on the state's economy.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, but there may be some delays in reporting due to the time required for data collection and processing.
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Citation
U.S. Federal Reserve, Value of Exports to Hong Kong from Connecticut (CTHKGA052SCEN), retrieved from FRED.