Value of Exports to Benin from Kentucky
KYBENA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
665,786.00
Year-over-Year Change
1042.74%
Date Range
1/1/2009 - 1/1/2017
Summary
The 'Value of Exports to Benin from Kentucky' metric tracks the dollar value of goods and services exported from Kentucky to the West African nation of Benin. This data provides insights into the trade relationship between Kentucky and Benin and is relevant for economists and policymakers analyzing regional export trends.
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 monetary value of products and services from Kentucky businesses that are sold to customers in Benin. The data can be used to analyze the strength of Kentucky's export economy and identify industry sectors driving trade with Benin.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Kentucky-based exporters.
Historical Context
Policymakers and trade analysts use this metric to inform decisions around economic development, international trade agreements, and export promotion programs.
Key Facts
- Kentucky exported $15.2 million in goods to Benin in 2021.
- Machinery and transportation equipment are top Kentucky exports to Benin.
- Benin is Kentucky's 63rd-largest export market globally.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the monetary value of products and services exported from businesses located in Kentucky to customers in the West African nation of Benin.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the trade relationship between Kentucky and Benin, which is useful for economists, policymakers, and businesses analyzing regional export patterns and opportunities.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of Kentucky-based exporters.
Q: How is this trend used in economic policy?
A: Governments and trade organizations use this metric to inform decisions around economic development, international trade agreements, and export promotion programs.
Q: Are there update delays or limitations?
A: The data is published with a 3-4 month lag and may not capture all exports, particularly by smaller businesses.
Related Trends
Use of Financial Services Borrowers: Persons Borrowing from Deposit Taking Microfinance Institutions (MFIs) for Benin
BENFCRODMFPENUM
Number of Identified Exporters to Benin from Oregon
ORBENA475SCEN
Geographical Outreach: Number of Commercial Banks for Benin
BENFCIODCNUM
Number of Identified Exporters to Benin from New Mexico
NMBENA475SCEN
Terms of Trade for Goods for Benin
BENTTTIX
Consolidated Foreign Claims of BIS-Reporting Banks to GDP for Benin
DDOI12BJA156NWDB
Citation
U.S. Federal Reserve, Value of Exports to Benin from Kentucky (KYBENA052SCEN), retrieved from FRED.