Value of Exports to Philippines from Hawaii
HIPHLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
5,420,407.00
Year-over-Year Change
-43.54%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Philippines from Hawaii' trend measures the dollar value of goods exported from Hawaii to the Philippines. This metric is important for analyzing trade flows and Hawaii's economic connections with key Asian markets.
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 data series tracks the total value of merchandise exports from the state of Hawaii to the Philippines on a monthly basis. It provides insight into the commercial relationship between these two economies and can be used to assess Hawaii's export performance and competitiveness in the Philippine market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Historical Context
Policymakers and businesses monitor this trend to understand Hawaii's trade dynamics and identify opportunities for expanding exports.
Key Facts
- Hawaii exported $58.2 million worth of goods to the Philippines in 2021.
- The Philippines was Hawaii's 8th largest export market in 2021.
- Machinery, agricultural products, and apparel are key Hawaii exports to the Philippines.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of merchandise exports from the state of Hawaii to the Philippines on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Hawaii's trade relationship with a key Asian market and can be used to assess the state's export performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting firms.
Q: How is this trend used in economic policy?
A: Policymakers and businesses monitor this trend to understand Hawaii's trade dynamics and identify opportunities for expanding exports to the Philippines.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month lag.
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Citation
U.S. Federal Reserve, Value of Exports to Philippines from Hawaii (HIPHLA052SCEN), retrieved from FRED.