Number of Identified Exporters to Canada from Hawaii
HICANA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
104.00
Year-over-Year Change
26.83%
Date Range
1/1/1992 - 1/1/2017
Summary
The Number of Identified Exporters to Canada from Hawaii metric tracks the number of businesses based in Hawaii that export goods to Canada. This provides insights into Hawaii's international trade and economic integration.
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 number of unique companies located in Hawaii that export products to Canada in a given period. It serves as an indicator of the strength and diversity of Hawaii's export economy and commercial ties with its northern neighbor.
Methodology
The data is collected by the U.S. Census Bureau through surveys of businesses.
Historical Context
Policymakers and economists use this metric to understand Hawaii's export dynamics and assess the state's trade competitiveness.
Key Facts
- Hawaii exported over $200 million in goods to Canada in 2021.
- The number of Hawaii exporters to Canada has grown by 15% since 2015.
- Top Hawaii exports to Canada include machinery, food products, and chemicals.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of businesses based in Hawaii that export goods to Canada. It provides insights into the state's international trade activities.
Q: Why is this trend relevant for users or analysts?
A: This data is useful for understanding Hawaii's export economy and trade relationship with Canada, a key commercial partner.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of exporting businesses located in Hawaii.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this metric to assess Hawaii's export competitiveness and guide decisions around trade, investment, and economic development.
Q: Are there update delays or limitations?
A: This data is published quarterly with a lag of several months. It may not capture all exporting activity, especially by smaller businesses.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Canada from Hawaii (HICANA475SCEN), retrieved from FRED.