Value of Exports to Philippines from Ohio
OHPHLA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
136,541,650.00
Year-over-Year Change
164.88%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Philippines from Ohio' trend measures the total value of goods and services exported from Ohio to the Philippines. This metric is important for economists and policymakers to understand Ohio's trade relationships and economic connections with key international 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 tracks the total monetary value of all products and services exported from the state of Ohio to the Philippines. It provides insight into the trade flows and commercial activity between Ohio-based businesses and Philippine consumers or enterprises.
Methodology
The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Historical Context
Policymakers and market analysts use this trend to assess Ohio's export performance and its integration with the global economy.
Key Facts
- Ohio is a major exporting state, with over $50 billion in annual exports.
- The Philippines is a fast-growing Southeast Asian market with a population of over 100 million.
- Trade with the Philippines accounts for around 2% of Ohio's total international exports.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monetary value of goods and services exported from the state of Ohio to the Philippines.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into Ohio's trade relationships and economic connections with key international markets, which is valuable information for policymakers and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and compiled by the U.S. Census Bureau.
Q: How is this trend used in economic policy?
A: Policymakers and market analysts use this trend to assess Ohio's export performance and its integration with the global economy.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule, but there may be lags of several months between the reporting period and the publication of the latest figures.
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Citation
U.S. Federal Reserve, Value of Exports to Philippines from Ohio (OHPHLA052SCEN), retrieved from FRED.