Value of Exports to Philippines from Idaho
IDPHLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
60,549,257.00
Year-over-Year Change
-36.53%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Philippines from Idaho' trend measures the value of goods and services exported from the U.S. state of Idaho to the Philippines. This metric is important for economists and policymakers to assess Idaho's international trade dynamics and competitiveness.
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 economic indicator represents the total value of merchandise and services exported from Idaho to the Philippines. It is used to analyze trends in Idaho's export activity, trade balance, and economic integration with the Philippines market.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs declarations and surveys of exporting businesses.
Historical Context
Policymakers and analysts use this metric to inform decisions around trade agreements, export promotion programs, and regional economic development.
Key Facts
- Idaho exported $130 million in goods and services to the Philippines in 2021.
- The Philippines is Idaho's 9th largest export market globally.
- Top Idaho exports to the Philippines include agricultural products, machinery, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of merchandise and services exported from the U.S. state of Idaho to the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This metric is important for assessing Idaho's trade dynamics, export competitiveness, and economic integration with the Philippines market.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau based on customs declarations and surveys of exporting businesses.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to inform decisions around trade agreements, export promotion programs, and regional economic development.
Q: Are there update delays or limitations?
A: The data is published on a monthly basis, with a 2-3 month reporting lag.
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Citation
U.S. Federal Reserve, Value of Exports to Philippines from Idaho (IDPHLA052SCEN), retrieved from FRED.