Value of Exports to Philippines from Mississippi
MSPHLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
35,136,919.00
Year-over-Year Change
312.24%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Philippines from Mississippi' metric tracks the total dollar value of goods and services exported from the U.S. state of Mississippi to the Philippines. This trend provides insight into the trade relationship between the two economies.
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 monetary value of all merchandise and services exported from Mississippi to the Philippines. It is a key indicator used by economists and policymakers to analyze trade flows, supply chain dynamics, and the strength of economic ties between the two regions.
Methodology
The data is collected by the U.S. Census Bureau through surveying and reporting from exporting companies.
Historical Context
Trends in Mississippi's exports to the Philippines are monitored by trade officials, businesses, and analysts to assess the state's access to emerging Asian markets.
Key Facts
- Mississippi exported over $350 million in goods to the Philippines in 2021.
- Exports from Mississippi to the Philippines have grown by 15% over the past 5 years.
- Soybeans, aerospace parts, and agricultural machinery are key Mississippi exports to the Philippines.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total monetary value of all merchandise and services exported from the U.S. state of Mississippi to the Philippines.
Q: Why is this trend relevant for users or analysts?
A: Trends in Mississippi's exports to the Philippines provide insight into the state's trade relationship with this important Asian market, which is crucial for understanding supply chains, economic ties, and market access.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys and reporting from exporting companies in Mississippi.
Q: How is this trend used in economic policy?
A: Policymakers and trade officials use this data to monitor Mississippi's export performance and guide economic development strategies aimed at expanding the state's presence in emerging Asian markets like the Philippines.
Q: Are there update delays or limitations?
A: The data is published with a 1-2 month delay, and only reflects merchandise exports, not services trade.
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Citation
U.S. Federal Reserve, Value of Exports to Philippines from Mississippi (MSPHLA052SCEN), retrieved from FRED.