Value of Exports to Singapore from Iowa
IASGPA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118,599,012.00
Year-over-Year Change
25.74%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Singapore from Iowa' measures the dollar value of goods and services exported from the U.S. state of Iowa to the country of Singapore. This metric provides insight into economic ties and trade flows between Iowa and a major international trading partner.
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 total value of exports from Iowa to Singapore, a key indicator of the strength of economic relationships and trade activity between the two regions. It is used by economists and policymakers to analyze regional export patterns and monitor changes in international trade.
Methodology
The data is collected through surveys of businesses and customs records by the U.S. Census Bureau.
Historical Context
This export data is relevant for understanding Iowa's engagement in global trade and the state's economic integration with foreign markets.
Key Facts
- Iowa exported over $1 billion in goods and services to Singapore in 2021.
- Exports to Singapore account for 1.5% of Iowa's total international trade.
- Machinery and agricultural products are Iowa's top exports to Singapore.
FAQs
Q: What does this economic trend measure?
A: This trend measures the dollar value of exports from the U.S. state of Iowa to the country of Singapore. It quantifies the trade activity and economic relationship between the two regions.
Q: Why is this trend relevant for users or analysts?
A: This export data is important for understanding Iowa's engagement in global trade and its economic integration with key international markets like Singapore.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and customs records by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this export data to analyze regional trade patterns, monitor changes in international commerce, and inform decisions about trade agreements and economic development.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month lag and may not capture all export activity, as it relies on survey responses and customs declarations.
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Citation
U.S. Federal Reserve, Value of Exports to Singapore from Iowa (IASGPA052SCEN), retrieved from FRED.