Value of Exports to Ecuador from Kentucky
KYECUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
12,605,502.00
Year-over-Year Change
-4.66%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Ecuador from Kentucky' measures the dollar value of goods and services exported from the state of Kentucky to the country of Ecuador. This economic indicator is relevant for understanding trends in Kentucky's international trade and economic relationships.
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 originating from Kentucky and destined for Ecuador. It is an important metric for assessing the commercial ties and economic interdependence between the state and this South American trading partner.
Methodology
The data is collected and reported by the U.S. Census Bureau based on customs declarations and other international trade reporting.
Historical Context
Policymakers and businesses use this indicator to gauge Kentucky's export performance and competitiveness in the Ecuadorian market.
Key Facts
- Kentucky exported over $50 million in goods to Ecuador in 2021.
- Ecuador is Kentucky's 44th largest export destination globally.
- Top Kentucky exports to Ecuador include machinery, chemicals, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of goods and services exported from the state of Kentucky to the country of Ecuador.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insight into Kentucky's trade relationship and commercial ties with Ecuador, an important South American trading partner.
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 international trade reporting.
Q: How is this trend used in economic policy?
A: Policymakers and businesses use this indicator to gauge Kentucky's export performance and competitiveness in the Ecuadorian market.
Q: Are there update delays or limitations?
A: There may be a several month delay in the availability of the most recent data for this series.
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Citation
U.S. Federal Reserve, Value of Exports to Ecuador from Kentucky (KYECUA052SCEN), retrieved from FRED.