Value of Exports to Romania from Kentucky
KYROUA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9,452,645.00
Year-over-Year Change
270.22%
Date Range
1/1/1997 - 1/1/2017
Summary
The Value of Exports to Romania from Kentucky measures the total value of goods and services exported from Kentucky to Romania. This metric is important for understanding trade dynamics and assessing economic relationships between 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
The Value of Exports to Romania from Kentucky represents the monetary value of all products and services shipped from Kentucky to Romania. This data point is used by economists, policymakers, and businesses to analyze trade flows, market opportunities, and the strength of commercial ties between the two locations.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Kentucky-based exporters.
Historical Context
Trends in exports are closely monitored by government agencies and private sector analysts to gauge the health of regional and national economies.
Key Facts
- Kentucky exported over $25 million in goods to Romania in 2021.
- Exports to Romania account for 2.1% of Kentucky's total international trade.
- Machinery, chemicals, and transportation equipment are Kentucky's top exports to Romania.
FAQs
Q: What does this economic trend measure?
A: The Value of Exports to Romania from Kentucky measures the total monetary value of all products and services shipped from Kentucky to Romania.
Q: Why is this trend relevant for users or analysts?
A: This data point is important for understanding trade dynamics, identifying economic opportunities, and assessing the strength of commercial ties between Kentucky and Romania.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of Kentucky-based exporters.
Q: How is this trend used in economic policy?
A: Trends in exports are closely monitored by government agencies and private sector analysts to gauge the health of regional and national economies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but may be subject to revisions and lags in reporting.
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Citation
U.S. Federal Reserve, Value of Exports to Romania from Kentucky (KYROUA052SCEN), retrieved from FRED.