Value of Exports to Philippines from Connecticut
CTPHLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,306,637.00
Year-over-Year Change
76.71%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Philippines from Connecticut' metric tracks the total dollar value of goods exported from the U.S. state of Connecticut to the Philippines. This economic indicator provides insights into trade patterns and commercial activity between the two regions.
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 shipped from Connecticut businesses and producers to customers in the Philippines. It is an important metric for analyzing Connecticut's export economy and trade relationships with Asian markets.
Methodology
The data is collected and reported by the U.S. Census Bureau through its state-level export statistics program.
Historical Context
Policymakers and economists use this trend to evaluate the health of Connecticut's export industry and its integration with the global economy.
Key Facts
- Connecticut exported over $400 million in goods to the Philippines in 2021.
- The Philippines is Connecticut's 12th largest export market globally.
- Machinery and electronics are top export categories from Connecticut to the Philippines.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total dollar value of physical goods and commodities exported from the U.S. state of Connecticut to the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Connecticut's trade relationships and the health of its export-focused industries, which is important for economic policymaking 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: Policymakers and economists use this metric to evaluate Connecticut's export economy and trade integration, which informs decisions around economic development, trade agreements, and export promotion programs.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis with a 2-3 month lag, so it may not reflect the most recent trade activity.
Related Trends
Geographical Outreach: Number of Institutions, Other Depository Corporations for Philippines
PHLFCIODNUM
Number of Identified Exporters to Philippines from New Hampshire
NHPHLA475SCEN
Gross Domestic Product for Philippines
MKTGDPPHA646NWDB
Bank's Cost to Income Ratio for Philippines
DDEI07PHA156NWDB
Credit to Government and State-Owned Enterprises to GDP for Philippines
DDEI08PHA156NWDB
Number of Identified Exporters to Philippines from Nevada
NVPHLA475SCEN
Citation
U.S. Federal Reserve, Value of Exports to Philippines from Connecticut (CTPHLA052SCEN), retrieved from FRED.