Number of Identified Exporters to Philippines from Connecticut
CTPHLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
180.00
Year-over-Year Change
39.53%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Philippines from Connecticut' measures the count of Connecticut-based companies that export goods and services to the Philippines market. This data point is important for economists and policymakers to track regional trade patterns and the health of Connecticut's export economy.
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 total number of exporters located in the U.S. state of Connecticut that have identified the Philippines as an export destination. It provides insight into the scale and trends of Connecticut's exporting activity to this key Asian market.
Methodology
The data is collected by the U.S. Census Bureau through its Exporter Database.
Historical Context
Policymakers and analysts use this metric to assess the competitiveness of Connecticut firms in the global marketplace.
Key Facts
- Connecticut is a major exporting state, accounting for over $16 billion in exports annually.
- The Philippines is an important trading partner for Connecticut, receiving over $200 million in goods annually.
- Exporter numbers to the Philippines from Connecticut have grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric measures the total number of companies located in the U.S. state of Connecticut that have reported exporting goods or services to the Philippines market.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the scale and competitiveness of Connecticut's export economy, particularly its trade relationships with key international markets like the Philippines.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through its Exporter Database, which tracks the export activities of U.S. companies.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to monitor the health of Connecticut's export sector and inform decisions around trade, investment, and economic development programs.
Q: Are there update delays or limitations?
A: There is typically a 6-12 month delay in the reporting of this data by the Census Bureau. The data may also exclude smaller exporters that do not meet reporting thresholds.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Philippines from Connecticut (CTPHLA475SCEN), retrieved from FRED.