Value of Exports to Canada from Delaware
DECANA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
516,175,379.00
Year-over-Year Change
20.49%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Canada from Delaware' series measures the total value of goods and services exported from the U.S. state of Delaware to Canada. This metric is important for understanding trade flows and economic integration 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 represents the monetary value of all products and services that are transported from businesses and individuals in Delaware to buyers in Canada. It is a key indicator of cross-border commercial activity and can provide insights into the state's export-oriented industries and trade relationships.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and economists use this data to analyze patterns in Delaware's trade balance and competitiveness in the Canadian market.
Key Facts
- Delaware exported over $1 billion worth of goods to Canada in 2021.
- Canada is Delaware's largest export destination, accounting for 25% of the state's total exports.
- The top export categories from Delaware to Canada include chemicals, machinery, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This series measures the total monetary value of goods and services exported from the U.S. state of Delaware to Canada.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade relationship between Delaware and its largest export market, Canada, which is useful for understanding the state's economic performance and integration with the global economy.
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 economists use this data to analyze patterns in Delaware's trade balance and competitiveness in the Canadian market, which can inform decisions on trade agreements, export promotion programs, and other economic policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a lag of several weeks, so there may be a short delay in accessing the most recent information. The accuracy of the data depends on the reporting by businesses and the Census Bureau's data collection methods.
Related Trends
Nominal External Balance of Goods and Services for Canada
NNXGSXDCCAA
National Accounts: GDP by Expenditure: Current Prices: Private Final Consumption Expenditure for Canada
CANPFCEQDSMEI
Infra-Annual Labor Statistics: Employment Rate Female: From 15 to 64 Years for Canada
LREM64FECAM156S
Real Exports of Goods for Canada
NXGRXDCCAA
Labor Compensation: Earnings: Manufacturing: Hourly for Canada
LCEAMN01CAQ189N
National Accounts: GDP by Expenditure: Current Prices: Exports of Goods and Services for Canada
CANEXPORTQDSMEI
Citation
U.S. Federal Reserve, Value of Exports to Canada from Delaware (DECANA052SCEN), retrieved from FRED.