Value of Exports to Philippines from Louisiana
LAPHLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
323,030,342.00
Year-over-Year Change
763.25%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Philippines from Louisiana' measures the dollar value of goods and services exported from the state of Louisiana to the Philippines. This economic indicator provides insights into bilateral trade patterns and the strength of commercial relationships.
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 data series tracks the monetary value of products and services shipped from Louisiana producers and businesses to customers in the Philippines. Economists and policymakers use this information to analyze trade flows, assess market opportunities, and understand the economic ties between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporting companies.
Historical Context
Trends in Louisiana's exports to the Philippines can inform trade negotiations, economic development strategies, and investment decisions.
Key Facts
- Louisiana exported $251 million in goods to the Philippines in 2021.
- The Philippines was Louisiana's 13th largest export market in 2021.
- Top Louisiana exports to the Philippines include industrial machinery, chemicals, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the monetary value of products and services exported from the state of Louisiana to customers in the Philippines.
Q: Why is this trend relevant for users or analysts?
A: Trends in Louisiana's exports to the Philippines can provide insights into bilateral trade patterns, market opportunities, and the strength of commercial relationships between the two regions.
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: This information can inform trade negotiations, economic development strategies, and investment decisions for both Louisiana and the Philippines.
Q: Are there update delays or limitations?
A: The data is subject to periodic updates by the Census Bureau, and may have a lag time of several months before the latest figures are published.
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Citation
U.S. Federal Reserve, Value of Exports to Philippines from Louisiana (LAPHLA052SCEN), retrieved from FRED.