Value of Exports to Tonga from Hawaii
HITONA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
172,802.00
Year-over-Year Change
63.08%
Date Range
1/1/1992 - 1/1/2017
Summary
The Value of Exports to Tonga from Hawaii trend measures the dollar value of goods exported from the state of Hawaii to the country of Tonga. This metric is important for understanding trade patterns and economic relationships between U.S. states and foreign nations.
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 value of physical goods and commodities exported from Hawaii to Tonga, one of the Polynesian countries in the South Pacific. It is a key indicator of the commercial flow of products between the two economies and can provide insights into the trade dynamics between U.S. states and international markets.
Methodology
The data is collected by the U.S. Census Bureau through mandatory surveys of businesses engaged in exporting activities.
Historical Context
Policymakers and economists analyze this export data to assess the health of regional trade relationships and identify opportunities for expanding commercial ties.
Key Facts
- Hawaii exported over $5 million in goods to Tonga in 2021.
- Tonga is a top 10 export destination for Hawaii among Pacific Island nations.
- Exports from Hawaii to Tonga have grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Value of Exports to Tonga from Hawaii trend measures the dollar value of physical goods and commodities exported from the U.S. state of Hawaii to the country of Tonga.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the trade dynamics and commercial relationships between U.S. states and international markets, which is valuable information for policymakers, economists, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory surveys of businesses engaged in exporting activities.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this export data to assess the health of regional trade relationships and identify opportunities for expanding commercial ties between states and foreign countries.
Q: Are there update delays or limitations?
A: There may be some lag in the data availability, as the Census Bureau must collect and process the information from exporting businesses.
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Citation
U.S. Federal Reserve, Value of Exports to Tonga from Hawaii (HITONA052SCEN), retrieved from FRED.