Value of Exports to Australia from Hawaii
HIAUSA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
25,494,174.00
Year-over-Year Change
90.09%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Australia from Hawaii' series measures the total value of goods and services exported from Hawaii to Australia. This metric provides insight into trade dynamics and economic ties 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 shipped from Hawaii to Australia over a given time period. Economists and policymakers analyze this data to understand Hawaii's export patterns and assess the strength of its commercial relationship with Australia.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses and trade records.
Historical Context
Trends in Hawaii's exports to Australia can signal changes in demand, tariffs, or other factors impacting bilateral trade.
Key Facts
- Hawaii exported $201 million in goods and services to Australia in 2021.
- Exports to Australia account for 2.3% of Hawaii's total international exports.
- Top export categories include machinery, aircraft, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This series measures the total monetary value of all goods and services exported from Hawaii to Australia over a given time period.
Q: Why is this trend relevant for users or analysts?
A: Tracking Hawaii's exports to Australia provides insight into the strength of the trade relationship between the two regions and can signal changes in demand, tariffs, or other economic factors.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of businesses and trade records.
Q: How is this trend used in economic policy?
A: Economists and policymakers analyze this data to understand Hawaii's export patterns and assess the strength of its commercial relationship with Australia, which can inform trade policies and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 2-3 months after the end of the reference period, and may be subject to revisions.
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Citation
U.S. Federal Reserve, Value of Exports to Australia from Hawaii (HIAUSA052SCEN), retrieved from FRED.