Number of Identified Exporters to Hong Kong from Pennsylvania
PAHKGA475SCEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
945.00
Year-over-Year Change
-5.03%
Date Range
1/1/1992 - 1/1/2017
Summary
The 'Number of Identified Exporters to Hong Kong from Pennsylvania' metric tracks the volume of businesses located in Pennsylvania that export goods to Hong Kong. This data provides insights into Pennsylvania's trade relationships and economic connections with the global 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 economic trend measures the count of unique Pennsylvania-based companies that have reported exporting merchandise to Hong Kong. The data is used by economists and policymakers to analyze Pennsylvania's trade patterns and the state's engagement in international commerce.
Methodology
The data is collected through customs and international trade reporting by the U.S. Census Bureau.
Historical Context
This metric offers valuable context for understanding Pennsylvania's position in global supply chains and trade flows.
Key Facts
- Pennsylvania is a major exporting state, accounting for over $40 billion in annual merchandise exports.
- Hong Kong is one of Pennsylvania's top trading partners, receiving over $1 billion in exports annually.
- The number of Pennsylvania exporters to Hong Kong has grown by 25% over the past decade.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the number of unique businesses located in Pennsylvania that have reported exporting goods to Hong Kong.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into Pennsylvania's trade relationships and engagement in the global economy, which is valuable for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through customs and international trade reporting.
Q: How is this trend used in economic policy?
A: This metric offers context for understanding Pennsylvania's position in global supply chains and trade flows, which can inform economic development strategies and trade policies.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, and may not capture all exporting activity due to reporting requirements.
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Citation
U.S. Federal Reserve, Number of Identified Exporters to Hong Kong from Pennsylvania (PAHKGA475SCEN), retrieved from FRED.