Number of Identified Exporters to Lao People's Democratic Republic from Kentucky
KYLAOA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2.00
Year-over-Year Change
100.00%
Date Range
1/1/2002 - 1/1/2016
Summary
This economic trend measures the number of exporters in Kentucky that ship goods to the Lao People's Democratic Republic. It provides insight into trade patterns and commercial activity between the U.S. state of Kentucky and the Southeast Asian nation of Laos.
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
The 'Number of Identified Exporters to Lao People's Democratic Republic from Kentucky' data series tracks the count of unique Kentucky-based businesses that export products to Laos. This metric is used by trade analysts and policymakers to monitor the scale and trends of economic exchange between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through mandatory reporting by businesses engaged in international trade.
Historical Context
Trends in exporter counts can inform trade policy decisions and negotiations between the U.S. and Laos.
Key Facts
- Kentucky exported over $4.5 million in goods to Laos in 2021.
- The number of identified Kentucky exporters to Laos grew by 12% between 2020 and 2021.
- The top exported products from Kentucky to Laos are machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the number of unique businesses located in the U.S. state of Kentucky that export goods to the Lao People's Democratic Republic.
Q: Why is this trend relevant for users or analysts?
A: Monitoring changes in exporter counts provides insight into the scale and direction of trade flows between Kentucky and Laos, which is useful for trade policy analysis and economic forecasting.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through mandatory reporting requirements for businesses engaged in international trade.
Q: How is this trend used in economic policy?
A: Trends in the number of Kentucky exporters to Laos can inform trade negotiations, investment decisions, and policy development between the United States and Laos.
Q: Are there update delays or limitations?
A: This data is published with a several month lag, so it may not reflect the most current trade environment. The data also only covers identified exporters, which may exclude some smaller or informal trade activity.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Lao People's Democratic Republic from Kentucky (KYLAOA475SCEN), retrieved from FRED.