Number of Identified Exporters to Philippines from Massachusetts
MAPHLA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
294.00
Year-over-Year Change
5.38%
Date Range
1/1/1992 - 1/1/2017
Summary
This economic trend measures the number of identified exporters to the Philippines from the U.S. state of Massachusetts. It provides insights into trade patterns and the health of Massachusetts' export economy.
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 Philippines from Massachusetts is a key indicator of the state's export activity and economic engagement with the Philippines market. It reflects the diversity and vitality of Massachusetts' exporter base and can signal broader trends in the state's trade and industrial composition.
Methodology
The data is collected through customs and trade reporting by the U.S. Census Bureau.
Historical Context
This trend is closely watched by policymakers, trade analysts, and businesses to assess Massachusetts' export competitiveness and identify opportunities for export promotion.
Key Facts
- Massachusetts exported over $280 million in goods to the Philippines in 2021.
- The number of identified Massachusetts exporters to the Philippines has grown by 25% since 2015.
- The Philippines is Massachusetts' 6th largest export destination in Asia.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of unique businesses or entities located in Massachusetts that are identified as exporting goods to the Philippines.
Q: Why is this trend relevant for users or analysts?
A: The number of Massachusetts exporters to the Philippines is a key indicator of the state's trade ties and economic engagement with this important Asian market. It signals the breadth and diversity of the state's export base.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through customs reporting and declarations by exporters.
Q: How is this trend used in economic policy?
A: Policymakers and trade promotion agencies use this data to assess Massachusetts' export competitiveness, identify growth opportunities, and design programs to support small and medium-sized exporters.
Q: Are there update delays or limitations?
A: The data is published with a several month lag, so it may not reflect the most current conditions. Additionally, the Census Bureau's exporter identification methods can miss some smaller or irregular exporters.
Related Trends
National Accounts: Real Gross Domestic Product for Philippines
PHLNGDPRPCPPPT
External Trade: Volume of Imports of Goods and Services for Philippines
PHLTMRPCPPPT
Real Residential Property Prices for Makati, Philippines
QPHR628BIS
Outstanding International Public Debt Securities to GDP for Philippines
DDDM06PHA156NWDB
U.S. Imports of Goods by Customs Basis from Philippines
IMP5650
Firms with a Bank Loan or Line of Credit to Total Firms for Philippines
DDAI03PHA156NWDB
Citation
U.S. Federal Reserve, Number of Identified Exporters to Philippines from Massachusetts (MAPHLA475SCEN), retrieved from FRED.