Value of Exports to Philippines from Nevada
NVPHLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
22,657,936.00
Year-over-Year Change
427.21%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Philippines from Nevada' metric tracks the dollar value of goods and services exported from the state of Nevada to the Philippines. This data provides insight into Nevada's trade relationship with a key international market.
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 monetary value of all products and services exported from Nevada businesses to customers and buyers located in the Philippines. Economists and policymakers use this data to analyze Nevada's export performance and commercial ties with the Philippine economy.
Methodology
The data is collected by the U.S. Census Bureau through surveys of Nevada exporters.
Historical Context
This export data informs decisions around trade policy, market access, and economic development programs.
Key Facts
- Nevada exported $206 million in goods and services to the Philippines in 2021.
- Exports to the Philippines account for 2.4% of Nevada's total international trade.
- Top Nevada exports to the Philippines include machinery, electronics, and agricultural products.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the monetary value of all products and services exported from businesses located in Nevada to customers and buyers in the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into Nevada's trade relationship and commercial ties with the Philippine economy, which is important for analyzing the state's export performance and informing relevant policy decisions.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through surveys of Nevada-based exporters.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this export data to inform decisions around trade policy, market access, and economic development programs that support Nevada businesses' international trade activities.
Q: Are there update delays or limitations?
A: There may be lags of several months before the latest data is published, and the series does not provide a complete picture of all Nevada-Philippines trade flows.
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Citation
U.S. Federal Reserve, Value of Exports to Philippines from Nevada (NVPHLA052SCEN), retrieved from FRED.