Value of Exports to India from Kentucky
KYINDA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
124,442,741.00
Year-over-Year Change
150.84%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to India from Kentucky' series measures the total value of goods and services exported from the U.S. state of Kentucky to India. This metric is important for understanding trade dynamics and economic relationships between regional economies.
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 economic series represents the dollar value of all products and services that originate in Kentucky and are sold to Indian consumers, businesses, or governments. It provides insight into the trade flows and commercial ties between the state and the large, growing Indian market.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Policymakers and business leaders use this metric to evaluate Kentucky's export performance and competitiveness in the Indian market.
Key Facts
- Kentucky exported $1.2 billion worth of goods and services to India in 2021.
- India is Kentucky's 5th largest export destination globally.
- Kentucky's top exports to India include aerospace products, machinery, and agricultural commodities.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of all products and services exported from the U.S. state of Kentucky to consumers, businesses, and governments in India.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade dynamics and economic relationship between Kentucky and the large, fast-growing Indian market, which is important for evaluating export performance and competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Q: How is this trend used in economic policy?
A: Policymakers and business leaders use this metric to analyze Kentucky's export performance and trade ties with India, which can inform economic development strategies and trade policies.
Q: Are there update delays or limitations?
A: There can be a several month delay in publishing the latest data due to the time required for data collection and processing by the Census Bureau.
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Citation
U.S. Federal Reserve, Value of Exports to India from Kentucky (KYINDA052SCEN), retrieved from FRED.