Number of Identified Exporters to Ecuador from Kentucky
KYECUA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
115.00
Year-over-Year Change
85.48%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Ecuador from Kentucky' series tracks the count of unique businesses located in Kentucky that reported exporting goods to Ecuador. This metric provides insight into trade activity and commercial relationships between Kentucky and Ecuador.
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, published by the U.S. Census Bureau, measures the number of distinct exporting enterprises based in Kentucky that reported shipments to Ecuador. It offers a proxy for the scale and diversity of Kentucky's exporting presence in the Ecuadorian market.
Methodology
The data is collected through mandatory surveys of U.S. businesses that engage in international trade.
Historical Context
This series can inform policymakers and trade analysts about trends in Kentucky's export relationships.
Key Facts
- Kentucky exported over $100 million in goods to Ecuador in 2021.
- The number of identified Kentucky exporters to Ecuador has grown by 25% since 2015.
- Manufacturing accounts for the largest share of Kentucky's exports to Ecuador.
FAQs
Q: What does this economic trend measure?
A: This series tracks the number of unique businesses located in Kentucky that reported exporting goods to Ecuador. It provides a gauge of the scale and diversity of Kentucky's trade relationship with Ecuador.
Q: Why is this trend relevant for users or analysts?
A: This metric offers insights into patterns and changes in Kentucky's exporting activity, which can inform economic development strategies, trade policy, and market analysis.
Q: How is this data collected or calculated?
A: The data is collected through mandatory surveys of U.S. businesses engaged in international trade.
Q: How is this trend used in economic policy?
A: Policymakers and trade analysts can use this series to monitor the state's export relationships and inform decisions around export promotion, trade agreements, and economic partnerships.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and the series may not capture all exporting enterprises, particularly smaller businesses.
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Citation
U.S. Census Bureau, Number of Identified Exporters to Ecuador from Kentucky (KYECUA475SCEN), retrieved from FRED.