Value of Exports to Singapore from Massachusetts
MASGPA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
666,129,050.00
Year-over-Year Change
29.57%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Singapore from Massachusetts' trend measures the value of goods and services exported from Massachusetts to Singapore. This metric is important for understanding Massachusetts' international trade dynamics and economic integration with major global markets.
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 series represents the total value of exports, including both goods and services, from the U.S. state of Massachusetts to the country of Singapore. It provides insight into the scale and trends of economic activity between these regions, which can inform business strategy, policy decisions, and assessments of regional competitiveness.
Methodology
The data is collected and reported by the U.S. Census Bureau through its annual survey of international trade.
Historical Context
Policymakers and economic analysts use this trend to evaluate Massachusetts' export performance and trade relationships.
Key Facts
- Massachusetts exported over $1 billion in goods and services to Singapore in 2021.
- Exports to Singapore account for approximately 2% of total Massachusetts exports.
- The value of Massachusetts' exports to Singapore has grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total value of exports, including both goods and services, from the U.S. state of Massachusetts to the country of Singapore.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the scale and trends of economic activity between Massachusetts and Singapore, which can inform business strategy, policy decisions, and assessments of regional competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through its annual survey of international trade.
Q: How is this trend used in economic policy?
A: Policymakers and economic analysts use this trend to evaluate Massachusetts' export performance and trade relationships with major global markets like Singapore.
Q: Are there update delays or limitations?
A: The data is reported annually by the Census Bureau, so there may be a 1-year delay in the most recent figures.
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Citation
U.S. Federal Reserve, Value of Exports to Singapore from Massachusetts (MASGPA052SCEN), retrieved from FRED.