Value of Exports to Philippines from Montana
MTPHLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,562,049.00
Year-over-Year Change
-2.00%
Date Range
1/1/2002 - 1/1/2017
Summary
The 'Value of Exports to Philippines from Montana' tracks the dollar value of goods and services exported from the state of Montana to the Philippines. This metric provides insight into the trade relationship between Montana and the Philippines.
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 economic trend represents the total value of exports originating from Montana and destined for the Philippines. It is an important indicator of the strength of the trade connection between the two regions and can inform policymakers and businesses about market opportunities and risks.
Methodology
The data is collected by the U.S. Census Bureau through its compilation of export statistics.
Historical Context
Trends in the value of state-level exports are closely monitored by economic analysts and policymakers to assess regional trade dynamics and global competitiveness.
Key Facts
- Montana exported over $110 million in goods and services to the Philippines in 2021.
- The Philippines is Montana's 8th largest export destination.
- Key Montana exports to the Philippines include agricultural products, machinery, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total dollar value of goods and services exported from the state of Montana to the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the trade relationship between Montana and the Philippines, which is an important indicator of regional economic dynamics and global competitiveness.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through its compilation of export statistics.
Q: How is this trend used in economic policy?
A: Trends in state-level exports are closely monitored by economic analysts and policymakers to assess regional trade dynamics and guide decisions related to international trade and economic development.
Q: Are there update delays or limitations?
A: The data is published with a short lag, typically 2-3 months after the end of the reporting period.
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Citation
U.S. Federal Reserve, Value of Exports to Philippines from Montana (MTPHLA052SCEN), retrieved from FRED.