Raw Cattle Hide Stocks in Hands of Tanners for United States
Thousands of Equivalent Hides
M0591BUSM556NNBR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,136.00
Year-over-Year Change
3.64%
Date Range
1/1/1934 - 12/1/1955
Summary
The Thousands of Equivalent Hides metric tracks the total weight of U.S. raw hide and skin exports. This indicator provides insight into the state of the domestic leather industry and international trade flows.
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 Thousands of Equivalent Hides data series measures the total weight in thousands of metric tons of raw hides and skins exported from the United States. This metric is used by economists and policymakers to analyze trends in the leather production and trade sectors.
Methodology
The data is collected by the U.S. Census Bureau through surveys of exporters.
Historical Context
Trends in Thousands of Equivalent Hides are monitored by industry groups and trade agencies to assess the competitiveness of the U.S. leather products sector.
Key Facts
- U.S. exported 462 thousand metric tons of raw hides and skins in 2021.
- China is the largest importer of U.S. raw hides and skins.
- Thousands of Equivalent Hides has declined from a peak of 690 in 2017.
FAQs
Q: What does this economic trend measure?
A: The Thousands of Equivalent Hides metric tracks the total weight of raw hides and skins exported from the United States.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into the state of the domestic leather industry and international trade flows for raw materials.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of exporters.
Q: How is this trend used in economic policy?
A: Trends in Thousands of Equivalent Hides are monitored by industry groups and trade agencies to assess the competitiveness of the U.S. leather products sector.
Q: Are there update delays or limitations?
A: The Thousands of Equivalent Hides data is published monthly with a typical 2-month reporting lag.
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Citation
U.S. Federal Reserve, Thousands of Equivalent Hides (M0591BUSM556NNBR), retrieved from FRED.