Value of Exports to Republic of Korea from District of Columbia
DCKORA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
406,188.00
Year-over-Year Change
-58.53%
Date Range
1/1/1992 - 1/1/2016
Summary
The 'Value of Exports to Republic of Korea from District of Columbia' tracks the value of goods and services exported from Washington, D.C. to South Korea. This metric is important for understanding the economic relationship between the district and a key Asian trading partner.
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 exports originating in the District of Columbia that are destined for the Republic of Korea. It provides insight into the scale and composition of trade flows between the two economies, which is relevant for trade policy analysis and business decision-making.
Methodology
The data is collected through surveys of U.S. exporters and customs records.
Historical Context
Policymakers and businesses use this metric to gauge the district's trade dynamics and commercial ties with South Korea.
Key Facts
- Washington, D.C. exported $302 million in goods and services to South Korea in 2021.
- Exports to Korea account for 3.2% of total exports from the District of Columbia.
- The top export categories are professional services, machinery, and computer equipment.
FAQs
Q: What does this economic trend measure?
A: This series tracks the value of exports originating from the District of Columbia that are destined for the Republic of Korea.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the economic relationship and trade flows between Washington, D.C. and a key Asian trading partner, South Korea, which is important for policymakers and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of U.S. exporters and customs records.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this metric to gauge the district's trade dynamics and commercial ties with South Korea, which is relevant for trade policy analysis and business decision-making.
Q: Are there update delays or limitations?
A: The data is subject to typical lags in reporting and may not capture all trade activity.
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Citation
U.S. Federal Reserve, Value of Exports to Republic of Korea from District of Columbia (DCKORA052SCEN), retrieved from FRED.