Value of Exports to Philippines from Iowa
IAPHLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
53,228,338.00
Year-over-Year Change
116.53%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Philippines from Iowa' series measures the total value of goods and services exported from the U.S. state of Iowa to the Philippines. This metric is important for understanding trade flows and economic relationships between 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 tracks the value of exports originating from Iowa businesses and industries to the Philippines market. The data provides insights into the trade dynamics and commercial activities between the two economies.
Methodology
The data is collected and calculated by the U.S. Census Bureau through surveys of businesses and customs records.
Historical Context
Policymakers and analysts use this data to assess the strength of trade ties and market access for Iowa-based companies in the Philippines.
Key Facts
- Iowa exported $305 million in goods to the Philippines in 2021.
- The Philippines is Iowa's 15th largest export market globally.
- Top Iowa exports to the Philippines include machinery, agricultural products, and chemicals.
FAQs
Q: What does this economic trend measure?
A: This series measures the total value of goods and services exported from the U.S. state of Iowa to the Philippines market.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade dynamics and commercial relationships between Iowa and the Philippines, which is important for understanding regional economic activity and trade flows.
Q: How is this data collected or calculated?
A: The data is collected and calculated 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 analysts use this data to assess the strength of trade ties and market access for Iowa-based companies in the Philippines, informing trade and economic development strategies.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically a few months after the end of each reporting period. There may be limitations in capturing all export activity, especially for smaller businesses.
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Citation
U.S. Federal Reserve, Value of Exports to Philippines from Iowa (IAPHLA052SCEN), retrieved from FRED.