Number of Identified Exporters to Benin from Pennsylvania
PABENA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
54.00
Year-over-Year Change
390.91%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Benin from Pennsylvania' trend tracks the volume of export activity from the U.S. state of Pennsylvania to the West African nation of Benin. This metric is useful for economists and policymakers to monitor trade patterns and economic ties between regions.
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 count of unique business entities located in Pennsylvania that have reported exporting goods or services to Benin. It provides insight into the level of commercial engagement and trade flows between the two economies.
Methodology
The data is collected by the U.S. Census Bureau through mandatory business surveys and customs declarations.
Historical Context
Trends in exporter counts can inform trade policy decisions and investment strategies.
Key Facts
- Pennsylvania exported over $50 million in goods to Benin in 2021.
- The number of identified Pennsylvania exporters to Benin has grown by 20% since 2015.
- Machinery and agricultural products are Pennsylvania's top exports to Benin.
FAQs
Q: What does this economic trend measure?
A: This trend tracks the count of unique business entities located in Pennsylvania that have reported exporting goods or services to Benin.
Q: Why is this trend relevant for users or analysts?
A: Trends in exporter counts can provide insight into the level of commercial engagement and trade flows between the Pennsylvania and Benin economies, informing trade policy and investment decisions.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through mandatory business surveys and customs declarations.
Q: How is this trend used in economic policy?
A: Policymakers and economists may use this data to monitor trade patterns and assess the effectiveness of trade agreements or development initiatives between the U.S. and Benin.
Q: Are there update delays or limitations?
A: There may be a several month delay in the availability of the most recent data due to the time required for collection and processing by the Census Bureau.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Benin from Pennsylvania (PABENA475SCEN), retrieved from FRED.