Value of Exports to Belgium from Pennsylvania
PABELA052SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,309,634,912.00
Year-over-Year Change
71.85%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Value of Exports to Belgium from Pennsylvania' measures the dollar value of goods and services exported from Pennsylvania to Belgium. This metric is important for understanding Pennsylvania's trade relationships and economic linkages with 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 originating in Pennsylvania that are destined for Belgium. It provides insight into the commercial and economic ties between the two regions, which is crucial data for policymakers, businesses, and economists analyzing Pennsylvania's trade profile.
Methodology
The data is collected and reported by the U.S. Census Bureau through surveys of exporters.
Historical Context
Trends in this series are used to assess Pennsylvania's export competitiveness and the state's integration with the global economy.
Key Facts
- Pennsylvania is a major exporting state, accounting for over $44 billion in annual exports.
- Belgium is Pennsylvania's 13th largest export destination, receiving over $1 billion in goods annually.
- Top Pennsylvania exports to Belgium include machinery, chemicals, and transportation equipment.
FAQs
Q: What does this economic trend measure?
A: This series measures the total dollar value of goods and services exported from the state of Pennsylvania to Belgium.
Q: Why is this trend relevant for users or analysts?
A: Tracking Pennsylvania's exports to Belgium provides insight into the state's trade relationships and integration with the global economy, which is crucial data for policymakers, businesses, and economists.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau through surveys of exporters.
Q: How is this trend used in economic policy?
A: Trends in this series are used to assess Pennsylvania's export competitiveness and the state's integration with the global economy, informing trade and economic development policies.
Q: Are there update delays or limitations?
A: There may be lags in data reporting due to the survey-based methodology, and the series may not capture all export activity, such as certain service exports.
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Citation
U.S. Federal Reserve, Value of Exports to Belgium from Pennsylvania (PABELA052SCEN), retrieved from FRED.