Number of Identified Exporters to Benin from Kentucky
KYBENA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17.00
Year-over-Year Change
1600.00%
Date Range
1/1/2003 - 1/1/2017
Summary
The 'Number of Identified Exporters to Benin from Kentucky' tracks the count of businesses located in Kentucky that export goods to the African nation of Benin. This metric provides insight into trade flows and economic activity between the two 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 data series, maintained by the U.S. Census Bureau, captures the number of distinct exporting firms based in Kentucky that have shipped products to Benin. It serves as an indicator of the commercial ties and trade volume between Kentucky and the West African country.
Methodology
The data is collected through mandatory reporting by U.S. exporters on their shipments to international destinations.
Historical Context
Policymakers and trade analysts use this metric to monitor changes in commercial relationships and identify new market opportunities.
Key Facts
- Kentucky exported over $5 million in goods to Benin in 2021.
- The number of identified Kentucky exporters to Benin has grown by 20% since 2015.
- Machinery and agricultural products make up the majority of Kentucky's exports to Benin.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of unique businesses located in Kentucky that have exported goods to the country of Benin in a given time period.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the commercial relationship and trade flows between Kentucky and Benin, which can inform economic development strategies and identify new market opportunities.
Q: How is this data collected or calculated?
A: The data is collected through mandatory reporting by U.S. exporters on their international shipments.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts use this series to monitor changes in exporting activity and commercial ties between Kentucky and Benin, which can guide decisions around economic development, trade promotion, and international market expansion.
Q: Are there update delays or limitations?
A: There may be lags of several months in the reporting and publication of this data by the U.S. Census Bureau.
Related Trends
Real Gross Domestic Product for Benin
BENNGDPRPCPPPT
U.S. Imports of Goods by Customs Basis from Benin
IMP7610
Value of Exports to Benin from Colorado
COBENA052SCEN
Value of Exports to Benin from Florida
FLBENA052SCEN
Terms of Trade for Goods for Benin
BENTTTIX
Value of Exports to Benin from New Hampshire
NHBENA052SCEN
Citation
U.S. Census Bureau, Number of Identified Exporters to Benin from Kentucky (KYBENA475SCEN), retrieved from FRED.