Value of Exports to El Salvador from Kentucky
KYSLVA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
8,278,107.00
Year-over-Year Change
585.35%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to El Salvador from Kentucky' metric tracks the dollar value of goods and services exported from Kentucky to the Central American country of El Salvador. This data point provides insight into trade dynamics between the U.S. state and a key international market.
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 indicator measures the total value of products and services sent from Kentucky businesses and producers to consumers and companies in El Salvador. It represents an important component of Kentucky's international trade profile and can be used to analyze the state's export relationships and commercial ties with foreign nations.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of Kentucky exporters.
Historical Context
Economists and policymakers monitor this trend to assess Kentucky's export performance and competitiveness in global markets.
Key Facts
- Kentucky exported $148 million in goods and services to El Salvador in 2021.
- Machinery and transportation equipment are Kentucky's top exports to El Salvador.
- El Salvador is Kentucky's 33rd largest export destination globally.
FAQs
Q: What does this economic trend measure?
A: The 'Value of Exports to El Salvador from Kentucky' metric tracks the total dollar value of products and services exported from the U.S. state of Kentucky to the country of El Salvador.
Q: Why is this trend relevant for users or analysts?
A: This data point provides insights into Kentucky's trade relationship and commercial ties with a key international market, which is important for understanding the state's overall export performance and economic competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of Kentucky-based exporters.
Q: How is this trend used in economic policy?
A: Economists and policymakers monitor this metric to assess Kentucky's export activity and competitiveness in global markets, which can inform trade, economic development, and other policy decisions.
Q: Are there update delays or limitations?
A: There may be several months of delay in reporting the latest data, and the metric does not capture all types of exports from Kentucky to El Salvador.
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Number of Identified Exporters to El Salvador from Alabama
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Citation
U.S. Federal Reserve, Value of Exports to El Salvador from Kentucky (KYSLVA052SCEN), retrieved from FRED.