Value of Exports to Hong Kong from Indiana
INHKGA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
190,360,628.00
Year-over-Year Change
-3.51%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Hong Kong from Indiana' series measures the dollar value of goods and services exported from the state of Indiana to Hong Kong. This metric is an important indicator of Indiana's economic engagement with global trade partners.
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 monetary value of products and services sold by Indiana businesses to consumers and companies in Hong Kong. It provides insight into Indiana's export performance and integration with international markets, which is a key factor in the state's economic growth and development.
Methodology
The data is collected through surveys of Indiana-based companies and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and economists analyze this trend to assess Indiana's trade dynamics and competitiveness in the global economy.
Key Facts
- Indiana exported over $500 million in goods and services to Hong Kong in 2021.
- Exports to Hong Kong account for around 2% of Indiana's total international trade.
- Top export categories from Indiana to Hong Kong include machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This series measures the monetary value of goods and services exported from the state of Indiana to Hong Kong, providing insight into Indiana's export performance and trade relationships.
Q: Why is this trend relevant for users or analysts?
A: This trend is important for understanding Indiana's economic engagement with global markets, which is a key driver of the state's overall economic growth and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected through surveys of Indiana-based companies and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and economists analyze this trend to assess Indiana's trade dynamics and competitiveness in the global economy, which informs decisions related to economic development, trade agreements, and other policies.
Q: Are there update delays or limitations?
A: The data is published with a lag, typically 2-3 months after the end of the reporting period. There may also be limitations in capturing all export activity, especially from smaller businesses.
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Citation
U.S. Federal Reserve, Value of Exports to Hong Kong from Indiana (INHKGA052SCEN), retrieved from FRED.